Second charge mortgage volumes up by 20% in September

Second charge mortgage volumes were up by 20% in September.

The latest annual new business volumes have reached more than 27,000, a decade-high.

Commenting on the latest new business figures Fiona Hoyle, interim director general of the FLA, said: "“Second charge mortgages are proving to be a popular product with consumers. While the market has returned a strong performance so far in 2019, new business volumes remain well below pre-crisis levels.”

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