Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) have shown that second charge mortgage new business volumes grew by 1% in July 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 continued to grow in July, although at a more modest pace than earlier in the year. Looking ahead, the prospect of market interest rates remaining higher for longer may continue to temper demand.
“For homeowners looking to access housing equity while retaining an existing low-rate mortgage, second charge mortgages continue to provide a flexible and attractive funding option.”
New second charge mortgage lending
| Jul 2026 | %
change on prev. year |
3 months to Jul 2026 | % change on prev. year | 12 months to Jul 2026 | % change on prev. year | |
| Value of new business (£m) | 205 | 2 | 585 | 9 | 2,384 | 25 |
| Number of new agreements (No.) | 3,919 | 1 | 10,992 | 3 | 44,781 | 17 |
New analysis from debt advice provider PayPlan has found that the average person seeking debt advice in 2026 is juggling 10 separate unsecured debts (such as credit cards, personal loans and overdrafts) totalling £22,717 – and is left with just £194 a month once essential living costs are met. The findings, drawn from 24,406 people…
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New research from Aqua has revealed that almost two in five people (38.8%) typically run out of money before their next payday, while more than a quarter have money left over 28.2% of people have some money left over before their next payday, while 22.8% say their money usually lasts until payday. However, 38.8% find themselves…
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Rents are expected to more than double over the next 20 years, taking the total cost of renting in retirement to around £419,000, according to new analysis from Standard Life. This is set to place significant pressure on retirement incomes, with renters facing materially higher financial requirements than those who own their homes outright. The analysis…
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New figures released by the Finance & Leasing Association (FLA) have shown that 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…
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Latest data from UK Finance has found that residential and buy-to-let mortgage arrears and possessions fell in Q2 2026. A total of 1,150 homeowner mortgaged properties were taken into possession, an 8% fall from the previous quarter and a 14% decrease compared with the same period a year earlier. There were 630 buy-to-let mortgaged properties…
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