Second charge mortgage new business volumes stable in March 2021

7 May 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:

“In March, the second charge mortgage market reported its highest monthly new business volumes since the same month in 2020.  FLA members are increasingly optimistic about the outlook and we expect to see a strong rebound in demand over the next year.” 

 Table 1: New second charge mortgage lending


Mar 2021

% change on prev. year

3 months to Mar 2021

% change on prev. year

12 months to Mar 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.




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