Second charge mortgages fall 11 per cent - Bridging & Commercial - Mortgage Introducer UK
Consumer credit overall dropped 6% in September over the year while the only sector of consumer finance to grow was dealer motor finance, which rose by 2%.
In other parts of the consumer finance market, personal loans were down by 5% and credit and store card spending fell by 8% and 22% respectively. Instalment credit spending fell by 23%.
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