You are here: Home - Specialist Lending - Second Charge Lending -

Second Charge Lending

Second charge sees growth to start 2018

by:
  • 21/03/2018
  • •
  • 0
Second charge sees growth to start 2018
The second charge sector saw a strong start to 2018 with an 8% increase in lending value and 13% uplift in transaction numbers.

According to data from the Finance and Leasing Association (FLA) £76m of new business was completed through 1,645 transactions.

The results continue the pattern of growth seen in the market last year, although it tailed off somewhat in the fourth quarter.

Finance and Leasing Association head of consumer and mortgage finance Fiona Hoyle said: “The second charge mortgage market reported growth in January, with new business up 8% by value and 13% by volume compared with the same period in 2017.”

She also acknowledged the regulator had targeted the sector to improve its lending practices with a workshop and a Dear CEO letter.

“The sector is continuing its work in ensuring that the new regulatory regime is fully implemented,” she added.

Related Posts

Share This Article
Tags

Owain Thomas is features and contributing editor of Mortgage Solutions and editor of Specialist Lending Solutions. He also has experience in the protection, pensions, workplace benefits and HR areas. Owain has won two Headline Money Awards and the Protection Review's Journalist of the Year award.

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Email Newsletter

Register your account and sign up for our newsletter

  • Useful Links:
  • Follow Us
© AE3 Media Ltd, Basement office, 21 Great Winchester Street, London, EC2N 2JA, Company registration number 8938488.
AE3 Media Limited is authorised and regulated by the Financial Conduct Authority
The principal business of AE3 Media is journalism. As our website contains links through to firms which provide consumer credit we have limited permission to undertake credit broking activities and for these limited activities only AE3 Media Limited is authorised and regulated by the Financial Conduct Authority
We take reasonable care to correct errors or omissions on our site as soon as we can after we are made aware of them. However, we do not guarantee that all information is accurate and free of errors and omissions at all times and we do not accept any responsibility or liability for any loss you may suffer as a result of information on this site not being accurate at all times.
We do not recommend or accept any responsibility for any third party provider’s products, services, information, advice or opinions provided to you either directly or via their websites. We will not be responsible to you if any product or advice you obtain form a third party is not suitable for you or does not meet your requirements. Any links to a third party provider’s website on this site are for your convenience only. If you contact a third party provider advertised or mentioned on this website, either directly or via a link, any use by you of the third party provider’s website, products or information will be subject to the third party provider’s own terms and conditions. You should read these carefully.