"The second charge mortgage market reported another strong month in August, with new business continuing to grow from a low base."
This is the sixth consecutive month of growth following six months of decline starting in August 2016.
Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association, said: “The second charge mortgage market reported another strong month in August, with new business continuing to grow from a low base.
“A second charge mortgage provides a useful alternative where homeowners want to raise additional funds but do not want to change their existing first charge mortgage.”
