{"id":72694,"date":"2021-07-06T09:15:34","date_gmt":"2021-07-06T09:15:34","guid":{"rendered":"https:\/\/secondchargemortgageuk.com\/?p=72694"},"modified":"2021-07-06T09:15:37","modified_gmt":"2021-07-06T09:15:37","slug":"second-charge-mortgage-new-business-volumes","status":"publish","type":"post","link":"https:\/\/secondchargemortgageuk.com\/second-charge-mortgage-new-business-volumes\/","title":{"rendered":"Second charge mortgage new business volumes up 293% in May"},"content":{"rendered":"\n

Second charge new business volumes rose by 293% in May 2021, according to the Finance & Leasing Association (FLA).<\/p>\n\n\n\n

The number of new agreements in May was 1,910, and the value of new business was \u00a384m.<\/p>\n\n\n\n

In the three months to May 2021, the number of new agreements rose by 82% to 5,848, and the value of new business increased by 74% to \u00a3253m.<\/p>\n\n\n\n

To find out more about how we can assist you with your Second Charge Mortgage please click here<\/a><\/em><\/p>\n\n\n\n

However, year-on-on-year, the number of new agreements fell by 27% to 18,044, and the value of new business dropped by 33% to \u00a3784m.<\/p>\n\n\n\n

Fiona Hoyle, director of consumer and mortgage finance and inclusion at the FLA, said: \u201cThe second charge mortgage market reported a second consecutive month of growth in May, and new business volumes increased by 12% in the first five months of 2021.<\/p>\n\n\n\n

\u201cThe improvement in consumer confidence means the market expects to see the recovery in new business continue during the second half of 2021.\u201d<\/p>\n\n\n\n

By Jake Carter<\/em><\/p>\n\n\n\n

Source: Mortgage Introducer<\/a><\/p>\n\n\n\n

Discover our Second Charge Mortgage Broker<\/a> services.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Second charge new business volumes rose by 293% in May 2021, according to the Finance & Leasing Association (FLA). The number of new agreements in May was 1,910, and the value of new business was \u00a384m. In the three months to May 2021, the number of new agreements rose by 82% to 5,848, and the […]<\/p>\n","protected":false},"author":1,"featured_media":72245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1978],"tags":[2172,2095,2164],"yst_prominent_words":[1362,488,105,33,387,496,485,692,1204],"acf":[],"yoast_head":"\nSecond charge mortgage new business volumes up 293% in May<\/title>\n<meta name=\"description\" content=\"Second charge mortgage new business volumes rose by 293% in May 2021, according to the Finance & Leasing Association (FLA).\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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