Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that consumer second charge mortgage new business volumes grew by 18% in March 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 second charge mortgage market reported a strong end to the first quarter of 2025, with new business volumes up by 17% in Q1 2025 as a whole.
“The distribution of new business by purpose of loan in Q1 2025 showed that the proportion of new agreements which were for the consolidation of existing loans was 58.0%; for home improvements and the consolidation of existing loans was 22.6%; and for home improvements only was 11.8%.
New second charge mortgage lending
| Mar 2025 | %
change on prev. year |
3 months to Mar 2025 | % change on prev. year | 12 months to Mar 2025 | % change on prev. year | |
| Value of new business (£m) | 168 | 23 | 469 | 24 | 1,815 | 27 |
| Number of new agreements (No.) | 3,428 | 18 | 9,406 | 17 | 37,053 | 19 |
New figures released by the Finance & Leasing Association (FLA) show that second-charge mortgage new business volumes grew by 9% in February 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 second charge…
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Secured loans, often referred to as second charge mortgages, have cemented their position as the fastest-growing segment in the post-pandemic UK property finance market, according to new research by Pepper Money, the specialist mortgage lender. Analysis of official data from the Bank of England and the Finance & Leasing Association (FLA) shows that the second…
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