Consumer confidence in the housing market declines
The latest Property Tracker survey from the Building Societies Association (BSA), reveals a decline in consumer confidence in the housing market. Just 17% of people agree now is a good time to buy a property, a decline from 20% just three months ago (Jan 2025). More than double this number didn’t think now was a good time to buy, with 38% disagreeing with the statement.
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Second charge mortgages grew by 9% in February
New figures released by the Finance & Leasing Association (FLA) show that second-charge mortgage new business volumes grew by 9% in February 2025.
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Consumer finance new business grew by 3% in February 2025
New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in February 2025 by 3% compared with the same month in 2024. In the first two months of 2025, new business in this market was 2% higher than in the same period in 2024.
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Second charge mortgages expand by nearly a third
Secured loans, often referred to as second charge mortgages, have cemented their position as the fastest-growing segment in the post-pandemic UK property finance market, according to new research by Pepper Money, the specialist mortgage lender.
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Mortgage lending fell slightly in February
Latest Bank of England data has shown that mortgage approvals slipped by 600 to 65,500 in February from a year ago, following a fall of 400 mortgage approvals in January.
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Second charge new business up 24% in January 2025: FLA
The second charge mortgage market made a positive start to 2025, with double-digit growth in new business by value and volume.
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