Second charge mortgage market reports volumes up by 12% in August

10 October 2019

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Acting Director General and Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said:

“The second charge mortgage market recorded its twelfth consecutive month of double-digit new business growth in August.  In the first eight months of 2019, new business volumes were 21% higher than in the same period in 2018.”

 Table 1: New second charge mortgage lending


Aug 2019

% change on prev. year

3 months to Aug 2019

% change on prev. year

12 months to Aug 2019

% change on prev. year

Value of new business (£m)







Number of new agreements (No.)







 Note to editors:

  1. FLA members in the consumer finance sector include banks, credit card providers, store card providers, second-charge mortgage lenders, motor finance providers, personal loan and instalment credit providers.
  2. In 2018, FLA members provided £136 billion of new finance to UK businesses and households. £103 billion of this was in the form of consumer credit, representing over a third of total new consumer credit written in the UK in 2018.
  3. For media enquiries, please contact the FLA press office on 020 7420 9656.


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