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New second charge business grows in month to July: FLA

The Financing and Leasing Association reports that the value of new second charge mortgage lending business grew by 6 per cent in July as compared to the same month in 2017.

This represents £98m worth of agreements, giving a total value of just over £1bn for the 12 months leading up to July – 4 per cent more than in the previous year.

In the three months to July, £277m worth of deals were completed, a fall of 1 per cent on the previous year.

In terms of the number of new agreements, the total of 2,162 completed in July represents 5 per cent growth on a yearly basis. The total for the 12 months leading to July stands at 22,245 and, matching the annual growth in value mentioned earlier, is 4 per cent more than the previous year.

In the three months to July, 6,090 new agreements were completed, up 2 per cent on the year.

FLA head of consumer and mortgage finance Fiona Hoyle says: “The second charge mortgage market made a positive start to the third quarter, with new business in July up 6 per cent by value and 5 per cent by volume.  The number of new agreements in this market grew by 2 per cent in the first seven months of 2018, in line with expectations of modest single-digit growth in 2018 overall.”



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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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