Improving Outcomes in the Second Charge Mortgage Market
The FCA's latest review into the Second Charge Mortgage market has been released and Financier Homeowner is well positioned to support lenders and intermediaries as the FCA raises expectations across the sector.
Mortgage borrowing increased to £4.8bn in February
Latest Bank of England data has shown that net borrowing of mortgage debt by individuals increased to £4.8 billion in February, from £4.2 billion in January.
Over half of lifetime mortgages taken out by under-70s
Owners of high-value properties, which were those worth at least £700,000, continued a stable pattern seen since 2023, accounting for 10% of new lifetime mortgages.
No growth in GDP in January 2026: Industry reaction
The economy showed no growth in January, according to the Office for National Statistics (ONS). The ongoing Middle East crisis has driven up energy prices, raising inflation concerns and diminishing hopes for an interest rate cut from the Bank of England.
Second charge mortgage new business volumes grew by 19% in January 2026
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:
