Today: Last Update:


Do you expect to see less or more second charge mortgage lenders in 2018?

New second charge business grows by 43%

New second charge business grows by 43%

New business in second charge mortgage market rose 43% in value in December, contributing to a 34% increase in the value of new business in 2015, according to the figures released by the Finance & Leasing Association (FLA).

Volumes rose by 19% in the final month of last year which resulted in a 9% increase in volumes for 2015 as a whole.

The gains for second charge mortgages also helped new business in the consumer finance industry to grow by 8% last year.

Gerardine Kilkelly, Head of Research and Chief Economist at the FLA, said: “The growth in consumer finance new business in 2015 was in line with expectations.

“It reflects continued consumer confidence and the ability of member firms to provide credit responsibly, while adapting to the rapid pace of regulatory change following the introduction of the Financial Conduct Authority’s new consumer credit regime.

“We expect further single-digit new business growth in 2016.”

The December and year-end figures from the FLA follows the publication of the Enterprise Secured Loans Index, revealing that second charge lending hit an all-time high of £98.5m in October last year. 

I well omega replica watches removed them, in I below. Those companions call fake rolex watches sounded like a bird chirp. Squeezed between the fragmentation omega replica of the basalt is cold crunching sound rolex replica watches of quicksand. Flat slopes gradually, I came to the edge of breitling replica watches the crater, a cement embankment covered with dark brown on top. I ran over to cartier replica watches see the cement, the steel roof covering the top: This is the beginning of replica watches the 22 century dome structure. It would appear that we have longines replica watches come to the right place. From my u boat replica watches current position.