Second charge mortgage lending volumes rise 1% in July – FLA
The market recorded 3,919 new agreements during the month.
Second charge mortgage new business volumes increased by 1% year-on-year in July 2026, according to figures from the Finance & Leasing Association (FLA).
The market recorded 3,919 new agreements during the month.
The value of new business reached £205m, up 2% compared with July 2025.
In the three months to July, the number of new agreements increased by 3% year-on-year to 10,992.
New business by value totalled £585m over the period, representing an increase of 9%.
Over the 12 months to July, 44,781 new agreements were recorded, up 17% compared with the previous 12-month period.
The value of new business reached £2.38bn over the same period, an annual increase of 25%.
Fiona Hoyle, director of consumer finance & mortgages and inclusion at the FLA, said: “The second charge mortgage market continued to grow in July, although at a more modest pace than earlier in the year. Looking ahead, the prospect of market interest rates remaining higher for longer may continue to temper demand.
“For homeowners looking to access housing equity while retaining an existing low-rate mortgage, second charge mortgages continue to provide a flexible and attractive funding option.”
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