You are here: Home - News -

Second charge mortgage sales increase 6% in August

by:
  • 05/10/2018
  • 0
Second charge mortgage sales increase 6% in August
Second charge mortgage market reported a volume increase up by 6% in August.

 

The number of new agreements reached 22,356 in the 12 months to August 2018, with a value of £1bn.

In the three months to August 2018, there were 6,247 new agreements valued £282m, while in August alone the number was at 2,100, with a value of £92m.

Head of research and chief economist at the Finance and Leasing Association (FLA), Geraldine Kilkelly (pictured), said that the second charge mortgage market has reported new business growth in six out of eight months so far in 2018.

She added: “With the number of new agreements in this market up by 3% in the first eight months of 2018, we continue to expect single-digit growth in 2018 as a whole.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Bridging

Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.

Commercial

Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions
Read previous post:
The 10 biggest mortgage broker stories this week – 05/10/18

Ad complaints have dominated the biggest stories this week, as the regulator examined challenges against Lloyds, as well as Purplebricks...

Close