Second charge mortgages grew by 16% in June

7th August 2025

New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 16% in June 2025.

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said “June saw the second charge mortgage market report its highest level of new business by both value and volume in 2025 so far. In the first half of 2025, new business volumes were 12% higher than in the same period in 2024.

“The distribution of new business by purpose of loan in June 2025 showed that the proportion of new agreements which were for the consolidation of existing loans was 57.6%; for home improvements and the consolidation of existing loans was 24.2%; and for home improvements only was 12.6%.

New second charge mortgage lending

Jun 2025

change on prev. year

3 months to Jun 2025

% change on prev. year

12 months to Jun 2025

% change on prev. year

Value of new business (£m)

177

485

1,875

Number of new agreements (No.)

3,505

9,695

37,805

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Second charge mortgages grew by 16% in June

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