Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 22% in September 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 “September saw the second charge mortgage market report its strongest monthly growth in the value of new business in 2025 so far, to reach the highest monthly total since June 2008. This was set against a backdrop of growth across most of the main consumer finance products provided by FLA members. In the nine months to September 2025, new business volumes in the second charge mortgage market were 13% higher than in the same period in 2024.
“The proportion of new business volumes which were solely for the consolidation of existing loans increased slightly in September compared with the previous month to 59.5%.”
New second charge mortgage lending
| Sep 2025 | %
change on prev. year |
3 months to Sep 2025 | % change on prev. year | 12 months to Sep 2025 | % change on prev. year | |
| Value of new business (£m) | 202 | 36 | 579 | 25 | 1,991 | 24 |
| Number of new agreements (No.) | 3,786 | 22 | 11,108 | 15 | 39,295 | 15 |
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