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:
“The second charge mortgage market made a positive start to 2026 although the pace of growth slowed slightly compared with recent months.
“Following the FCA’s recent report on second charge mortgages, the FLA will be working closely with the regulator to understand their findings as we continue to support customers who want to consolidate higher-interest rate loans into more affordable borrowing.”
James Gillam, Managing Director at Pure Panel Management added:
“At Pure Panel Management, we continue to see strong momentum in second charge surveying activity and Q1 2026 is looking like being a record quarter for second charge valuation instructions, reflecting the wider growth in lending volumes across the market.
“This time of year especially places greater emphasis on the valuation process and speed of funding as a whole, as many loans at this time of year are needed for debt consolidation and so lenders and brokers need partners who can respond quickly while maintaining the coverage and consistency required to keep cases progressing.”
