Second charge mortgage new business up by 15%
18 December, 2019
category: News, Second Charge
Second charge mortgage new business volumes rose by 15% in October according to the Finance & Leasing Association (FLA).
Fiona Hoyle, head of consumer and mortgage finance at the FLA, said: “The second charge mortgage market has reported strong new business growth in 2019, with volumes likely to reach over 28,000 in the year as a whole.
“The market is expected to continue to grow in 2020 but at a slower pace than in 2019.”
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