The worth of second charge mortgage lending superior in July elevated by 23% yr on yr to £201m – the highest determine since June 2008.
By quantity, July’s second charge lending was 15% greater yr on yr at 3,863.
The whole worth of loans for the yr to July was 24% greater than the corresponding interval of 2024 at £1.9bn.
The whole variety of loans for the yr to July was 16% greater than the identical interval a yr 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 have been completely or partly for the consolidation of present loans remained steady at 81% within the seven months to July 2025, just like the identical interval in 2024.
“As all the time, clients who’re involved about assembly funds ought to communicate to their lender as quickly as doable to discover a resolution.”
June’s figures from the FLA confirmed a 22% improve in second-charge lending.
