Second charge mortgage new business volumes grew by 176% in April 2021

7 June 2021

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 returned to growth in April in line with expectations given the adverse impact of the first lockdown on new business levels in the second quarter of 2020. The market is expected to record a strong recovery in new business levels during the second half of 2021.” 

Table 1: New second charge mortgage lending


Apr 2021

% change on prev. year

3 months to Apr 2021

% change on prev. year

12 months to Apr 2021

% 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 2020, FLA members provided £113 billion of new finance to UK businesses and households. £86 billion of this was in the form of consumer credit, representing over a third of total new consumer credit written in the UK in 2020.
  3. For media enquiries, please contact the FLA press office on 020 7420 9656.




Become a member

What are the benefits of becoming an FLA Member?