Second charge mortgage new business volumes grew by 27% in November 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
“The second charge mortgage market has reported growth in new business volumes in all but one month in 2025 so far and is ending the year growing as strongly as it began it.
“The proportion of new business volumes which were solely for the consolidation of existing loans fell in November compared with the previous month at 58.0%. A further 22.4% were for home improvements and loan consolidation, and 10.8% solely for home improvements.
“As always, customers who are concerned about meeting payments should speak to their lender as soon as possible to find a solution.”
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Mortgages approvals fall for fourth consecutive month
Latest data from the Bank of England has found that net borrowing of mortgage debt by individuals decreased sharply by £13.7 billion to -£0.8 billion in April. This followed an increase in net borrowing by £9.6 billion in March.
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:
Consumer finance new business grew by 1% in April 2025
New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in April 2025 by 1% compared with the same month in 2024. In the first four months of 2025, new business in this market was 4% higher than in the same period in 2024.
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