Second charge mortgage new business volumes grew by 9% in June 2026
Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, director of consumer finance & mortgages and inclusion the Finance & Leasing Association (FLA), said: “The second charge mortgage market returned to growth in June and delivered a strong second quarter overall, reflecting continued demand from homeowners looking to manage their finances effectively.
“The fact that loan consolidation accounted for at least 60% of new business highlights the important role second charge mortgages play in helping consumers refinance existing borrowing without disturbing their primary mortgage arrangements.
“The FCA’s recent review highlighted important areas for the second charge mortgage market. The FLA and its members are considering the findings carefully, with a clear focus on supporting good outcomes for customers.”
Table 1: New second charge mortgage lending
| Jun 2026 | % change on prev. year | 3 months to Jun 2026 | % change on prev. year | 12 months to Jun 2026 | % change on prev. year | |
| Value of new business (£m) | 205 | 16 | 571 | 18 | 2,383 | 27 |
| Number of new agreements (No.) | 3,828 | 9 | 10,577 | 9 | 44,725 | 18 |