Second cost mortgage lending elevated by 22% 12 months on 12 months in June to achieve £177m.
The newest figures from the Finance & Leasing Association present that there have been 3,505 loans in June, which was 16% increased than in the identical month final 12 months.
The whole lent over the complete 12 months to June was £1.87bn, a rise of 25% on the quantity lent over the 12 months to June 2024.
More than 37,800 loans had been superior over 12 months, which was 17% increased than the earlier 12 months’s determine.
Finance and Leasing Association director of client and mortgage finance and inclusion Fiona Hoyle says: “June noticed the second cost mortgage market report its highest degree of latest enterprise by each worth and quantity in 2025 thus far. In the primary half of 2025, new enterprise volumes had been 12% increased than in the identical interval in 2024.”
“The distribution of latest enterprise by goal of mortgage in June 2025 confirmed that the proportion of latest agreements which had been for the consolidation of present loans was 57.6%; for house enhancements and the consolidation of present loans was 24.2%; and for house enhancements solely was 12.6%.”
