New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 21% in April 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 strongly in April, with new business up 29% by value and 21% by volume, highlighting sustained demand for flexible borrowing options in the current environment.
“Looking ahead, demand is likely to remain supported by this need for flexibility, with second charge mortgages well placed to help households manage budgets and maintain financial resilience as economic conditions evolve.”
| Apr 2026 | % change on prev. year |
3 months to Apr 2026 | % change on prev. year | 12 months to Apr 2026 | % change on prev. year | |
| Value of new business (£m) | 191 | 29 | 633 | 34 | 2,340 | 28 |
| Number of new agreements (No.) | 3,504 | 21 | 11,537 | 23 | 44,450 | 20 |
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