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Second charge lending in February was 22% higher than the same month last year, at £130m, figures from the Finance & Leasing Association reveal. The total number of new second charge loans was also 17% higher than in February 2023, at 2,819, it found. However, looking at the 12 months to February compared to the
Second charge new business loans slipped by 3% to £96m in December, in a year that saw this type of lending fall 11% to £1.38bn. New second charge loans agreements lifted 3% to 2,161 in the month, while deals struck over the final quarter of the year were down 6% at 7,434. The value of booked agreements fell 8% to
Second charge mortgage new business loans fell by 6% in November, with deals for this type of lending on course for an overall fall in 2023, data from the Finance & Leasing Association shows. New second charge loans came in at £123m with 2,646 agreements signed in the month, both down by 6%. Over the three
The second charge mortgage market reported a fall in business volumes in October with lending figures down by 13%. The market failed to sustain the strong performance recorded last year, according to data from the Finance & Leasing Association (FLA). Commenting on the latest figures, FLA’s director of
Second charge mortgage lending tumbled 25% to £109m in September compared to a year ago, reflecting a “weaker economic outlook,” data from the Finance & Leasing Association shows. The number of new agreements struck was down 22% to 2,440 in the period. In the three months to September, this type of