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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Eight in ten mortgage brokers optimistic amid economic challenges
New research reveals that there is healthy optimism among brokers about the future of the UK mortgage sector, despite a challenging economic backdrop, including stamp duty rises expected in April and falling rent prices causing worries for buy-to-let buyers.
Asset finance new business grew by 7% in December 2024
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in December 2024 by 7% compared with the same month in 2023. In 2024 as a whole, new business was 3% higher than in 2023.
Second charge mortgage new business volumes grew by 16% in December 2024
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:
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