Second charge mortgage new business volumes fell by 2% in April 2025
Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said:
“April saw the second charge mortgage market report its first fall in new business volumes since November 2023 as consumer confidence about the economic outlook dipped. In the first four months of 2025, new business volumes were 12% higher than in the same period in 2024.
“The distribution of new business by purpose of loan in April 2025 showed that the proportion of new agreements which were for the consolidation of existing loans was 55.0%; for home improvements and the consolidation of existing loans was 24.1%; and for home improvements only was 13.3%.
“As always, customers who are concerned about meeting payments should speak to their lender as soon as possible to find a solution.”
Source: FLA
Previous
Second charge mortgages expand by nearly a third
Secured loans, often referred to as second charge mortgages, have cemented their position as the fastest-growing segment in the post-pandemic UK property finance market, according to new research by Pepper Money, the specialist mortgage lender.
Consumer finance new business grew by 3% in February 2025
New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in February 2025 by 3% compared with the same month in 2024. In the first two months of 2025, new business in this market was 2% higher than in the same period in 2024.
Welcom Digital Limited
The Exchange
Station Parade
Harrogate
HG1 1TS
T 0845 456 5859
