{"id":73027,"date":"2022-05-20T06:39:43","date_gmt":"2022-05-20T06:39:43","guid":{"rendered":"https:\/\/secondchargemortgageuk.com\/?p=73027"},"modified":"2022-05-20T06:39:45","modified_gmt":"2022-05-20T06:39:45","slug":"second-charge-new-mortgage-business-up-by-42-for-march-fla","status":"publish","type":"post","link":"https:\/\/secondchargemortgageuk.com\/second-charge-new-mortgage-business-up-by-42-for-march-fla\/","title":{"rendered":"Second charge new mortgage business up by 42% for March: FLA"},"content":{"rendered":"\n

The volume of second charge mortgage new business grew by 42% in the year to March 2022, according to the latest figures from the Finance and Leasing Association (FLA).<\/p>\n\n\n\n

The total number of new agreements in March was 3,058, worth \u00a3139m, representing a \u00a353m increase compared to the previous year.<\/p>\n\n\n\n

The figure also represents an increase from the 2,660 new agreements, worth \u00a3119m in February.<\/p>\n\n\n\n

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

For the three months to March, 7,834 second charge new agreements were arranged, worth \u00a3349m.<\/p>\n\n\n\n

Figures were up for the 12-month period to March 2022, with 28,526 worth a total of \u00a31,240m, which represents an increase of 79% in value compared to the previous 12 months.<\/p>\n\n\n\n

FLA director of consumer and mortgage finance Fiona Hoyle says: \u201cNew business volumes in the second charge mortgage market in March reached their highest level since September 2008. The market helps consumers in a variety of ways, including funding home improvements and by better management of their finances through loan consolidation.\u201d<\/p>\n\n\n\n

\u201cAs always, any customer worried about meeting payments should speak to their lender as soon as possible to find a solution,\u201d Hoyle adds.<\/p>\n\n\n\n

By Becky Bellamy<\/em><\/p>\n\n\n\n

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

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

The volume of second charge mortgage new business grew by 42% in the year to March 2022, according to the latest figures from the Finance and Leasing Association (FLA). The total number of new agreements in March was 3,058, worth \u00a3139m, representing a \u00a353m increase compared to the previous year. The figure also represents an […]<\/p>\n","protected":false},"author":1,"featured_media":71807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1978],"tags":[2172,2164,2212],"yst_prominent_words":[1362,488,675,1707,105,390,1193,33,485,395],"acf":[],"yoast_head":"\nSecond charge new mortgage business up by 42% for March: FLA<\/title>\n<meta name=\"description\" content=\"The volume of second charge mortgage new business grew by 42% in the year to March 2022, according to the latest figures from 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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