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.”
Previous
Website Launch
Welcom Digital, a trusted provider of loan management systems to the finance sector, has announced the launch of Financier Homeowner, a brand-new module designed to support lenders operating in the residential mortgage sector with an intelligent API first approach providing the tools they need.
Affordability gap locks out 1.5m potential homeowners
The gap between what aspiring homeowners can realistically afford and the actual cost of purchasing a home has widened significantly in recent years, according to the latest research by the Home Builders Federation (HBF). As a result, despite strong demand for housing, millions are unable to turn that demand into a purchase, with young people and first-time buyers worst affected.
Welcom Digital Limited
The Exchange
Station Parade
Harrogate
HG1 1TS
T 0845 456 5859
