Second charge mortgage lending elevated by 22% yr on yr 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% greater than in the identical month final yr.
The whole lent over the total yr to June was £1.87bn, a rise of 25% on the quantity lent over the yr to June 2024.
More than 37,800 loans have been superior over 12 months, which was 17% greater than the earlier yr’s determine.
Finance and Leasing Association director of shopper and mortgage finance and inclusion Fiona Hoyle says: “June noticed the second charge mortgage market report its highest degree of recent enterprise by each worth and quantity in 2025 up to now. In the primary half of 2025, new enterprise volumes have been 12% greater than in the identical interval in 2024.”
“The distribution of recent enterprise by function of mortgage in June 2025 confirmed that the proportion of recent agreements which have 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%.”
