Credit, Collections & Insolvency News
New figures released today by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes fell by 1% in May 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 “May saw the second charge mortgage market report its first contraction in new business volumes since April 2025. Despite this, new business volumes grew by 17% in the first five months of 2026.
“Demand is expected to remain resilient over the coming months as households seek flexible funding for home improvements, loan consolidation and other major expenses. Second charge mortgages continue to provide a valuable option for consumers looking to manage their finances effectively.”
New second charge mortgage lending
| May 2026 | %
change on prev. year |
3 months to May 2026 | % change on prev. year | 12 months to May 2026 | % change on prev. year | |
| Value of new business (£m) | 175 | 9 | 594 | 25 | 2,355 | 28 |
| Number of new agreements (No.) | 3,245 | -1 | 10,878 | 13 | 44,402 | 19 |
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