The worth of second cost mortgage lending in August elevated by 16% yr on yr to £176m.
The newest figures from the Finance & Leasing Association present that August’s second cost lending by quantity was 10% increased yr on yr at 3,459.
The complete worth of loans for the yr to August was 23% increased than the corresponding interval of 2024 at £1.937bn.
The complete variety of loans for the yr to August was 16% increased than the identical interval a yr earlier at 38,614.
Finance and Leasing Association director of shopper and mortgage finance and inclusion Fiona Hoyle says: “The second cost mortgage market continued to report double-digit development in August however at a slower price than in current months. In the eight months to August 2025, new enterprise volumes have been 12% increased than in the identical interval in 2024.”
“The proportion of latest enterprise volumes which have been solely for the consolidation of present loans elevated in August to 59.4%, the best proportion to this point this yr.”
