The worth of second charge mortgage lending superior in July elevated by 23% 12 months on 12 months to £201m – the very best determine since June 2008.
By quantity, July’s second charge lending was 15% increased 12 months on 12 months at 3,863.
The whole worth of loans for the 12 months to July was 24% increased than the corresponding interval of 2024 at £1.9bn.
The whole variety of loans for the 12 months to July was 16% increased than the identical interval a 12 months earlier at 38,304.
Finance & Leasing Association director of client and mortgage finance and inclusion Fiona Hoyle says: “The second charge mortgage market continued to strengthen in July.
“The proportion of recent enterprise volumes which had been completely or in half for the consolidation of present loans remained secure at 81% in the seven months to July 2025, just like the identical interval in 2024.
“As all the time, prospects who’re involved about assembly funds ought to communicate to their lender as quickly as potential to discover a resolution.”
June’s figures from the FLA confirmed a 22% enhance in second-charge lending.
