Second charge mortgage new business volumes grew by 24% in June 2022

4 August 2022

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 continued to report new business growth in June, but at a slower rate than in recent months.  Annual new business volumes in June surpassed the pre-pandemic peak for the first time reaching 30,849 new agreements.”

“As always, customers who are concerned about meeting payments should speak to their lender as soon as possible to find a solution.”

Table 1: New second charge mortgage lending


Jun 2022


 change on prev. year

3 months to Jun 2022

% change on prev. year

12 months to Jun 2022

% 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 2021, FLA members provided £132 billion of new finance to UK businesses and households. £101 billion of this was in the form of consumer credit, representing over a third of total new consumer credit written in the UK in 2021.
  3. For media enquiries, please contact the FLA press office on 020 7420 9656.


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