Second charge mortgage market reports volumes up by 31% in March

10 May 2019

Commenting on the March 2019 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said:

“In March, the second charge mortgage market reported its highest level of monthly new business volumes since October 2008.

 “It is a competitive and innovative market for consumers, with a growing number of broker partners.” 

Table 1: New second charge mortgage lending


Mar 2019

% change on prev. year

3 months to Mar 2019

% change on prev. year

12 months to Mar 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 £137 billion of new finance to UK businesses and households. £104 billion of this was in the form of consumer credit, representing more than 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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