Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer Finance & Mortgages and Inclusion the Finance & Leasing Association (FLA), said:
“The second charge mortgage market continued to expand in Q1 2026, with new business up 33% by value to £625 million and volumes rising 22% to almost 11,500 new agreements, year-on-year. This reflects demand for flexible borrowing options to support household budgeting.
“These figures highlight the continued strength of the second charge mortgage market. At a time when many customers are considering their borrowing options carefully, second charge mortgages provide a flexible route to additional finance while allowing borrowers to retain their existing mortgage arrangements.”
