{"id":73014,"date":"2022-04-21T07:28:33","date_gmt":"2022-04-21T07:28:33","guid":{"rendered":"https:\/\/secondchargemortgageuk.com\/?p=73014"},"modified":"2022-04-21T07:28:35","modified_gmt":"2022-04-21T07:28:35","slug":"second-charge-lending-returns-to-pre-pandemic-levels-with-59-growth","status":"publish","type":"post","link":"https:\/\/secondchargemortgageuk.com\/second-charge-lending-returns-to-pre-pandemic-levels-with-59-growth\/","title":{"rendered":"Second charge lending returns to pre-pandemic levels with 59% growth"},"content":{"rendered":"\n<p>The second charge mortgage market has reported its highest monthly level of new business volumes for two years, returning to pre-pandemic levels, according to the latest data from the Finance &amp; Leasing Association.<\/p>\n\n\n\n<p>The number of new agreements rose by 59% to 2,660 and the value was 70% higher at \u00a3119m compared to February 2021.<\/p>\n\n\n\n<p>                                    <em>To find out more about how we can assist you with your <strong>Second Charge Mortgage<\/strong> please <a rel=\"noreferrer noopener\" href=\"https:\/\/secondchargemortgageuk.com\/contact-us\/\" target=\"_blank\">click here<\/a><\/em>                                    <\/p>\n\n\n\n<p>On an annual basis, second charge lending rose 72% by volume and 80% by value in the year to February compared to the previous 12 months.<\/p>\n\n\n\n<p>Fiona Hoyle, director of mortgage finance and inclusion at the FLA, said: \u201cIn February, the second charge mortgage market reported its highest monthly level of new business volumes for two years and has now returned to pre-pandemic levels of new business by both value and volume.<\/p>\n\n\n\n<p>\u201cAs consumers face higher prices and pressure on disposable incomes, any customer worried about meeting payments should speak to their lender as soon as possible to find a solution.\u201d<\/p>\n\n\n\n<p><em>By ROZI JONES<\/em><\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.financialreporter.co.uk\/second-charge-lending-returns-to-pre-pandemic-levels-with-59-growth-fla.html\" target=\"_blank\" rel=\"noreferrer noopener\">Financial Reporter<\/a><\/p>\n\n\n\n<p>                                    <em>Discover our <a rel=\"noreferrer noopener\" href=\"https:\/\/secondchargemortgageuk.com\/\" target=\"_blank\"><strong>Second Charge Mortgage Broker<\/strong><\/a> services.<\/em>                                    <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The second charge mortgage market has reported its highest monthly level of new business volumes for two years, returning to pre-pandemic levels, according to the latest data from the Finance &amp; Leasing Association. The number of new agreements rose by 59% to 2,660 and the value was 70% higher at \u00a3119m compared to February 2021. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72235,"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":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Second charge lending returns to pre-pandemic levels with 59% growth<\/title>\n<meta name=\"description\" content=\"The second charge mortgage market has reported its highest monthly level of new business volumes for two years, returning to pre-pandemic levels.\" \/>\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 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