Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 19% in January 2026.
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 “The second charge mortgage market made a positive start to 2026 although the pace of growth slowed slightly compared with recent months.
“Following the FCA’s recent report on second charge mortgages, the FLA will be working closely with the regulator to understand their findings as we continue to support customers who want to consolidate higher-interest rate loans into more affordable borrowing.”
New second charge mortgage lending
| Jan 2026 | %
change on prev. year |
3 months to Jan 2026 | % change on prev. year | 12 months to Jan 2026 | % change on prev. year | |
| Value of new business (£m) | 183 | 26 | 568 | 31 | 2,179 | 24 |
| Number of new agreements (No.) | 3,456 | 19 | 10,769 | 26 | 42,309 | 17 |
The Financial Conduct Authority (FCA) has published a review into the second charge mortgage market, finding that weaknesses in some firms’ practices could put borrowers, particularly those consolidating debt, at increased risk of financial harm. Second charge mortgages are often used by customers with high existing levels of debt and low financial resilience. The FCA’s…
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New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 17% in 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 “The…
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New figures published by StepChange Debt Charity Scotland have revealed that the average debt among people seeking help from the charity has reached on average £20,116 per client, a 10% rise year-on-year, and the highest level recorded in over a decade. Two in three clients were in arrears on their household bills, owing an average…
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