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