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Second charge lending surges by 22% in June
The latest figures from the Finance and Leasing Association reveal a sharp rise in second charge mortgage lending, up 22% in June to £177 million.
A total of 3,505 loans were completed in the month, 16% higher than June last year. Year-to-date lending to June reached £1.87 billion, a 25% increase compared to the same period in 2024.
The breakdown of loan purposes in June 2025 follows familiar patterns:
- 57.6% for debt consolidation
- 24.2% for debt consolidation combined with home improvements
- 12.6% for home improvements only
The message is clear, the second charge market is thriving, with robust demand across the board.
For brokers, this is a great time to explore the opportunities second charges can offer, whether as an alternative when a further advance isn’t possible or when remortgaging would mean hefty early repayment charges.
We’re here to make that process smooth, quick and straightforward, helping you find the right solution for your clients when they need it most.
Give us a call on 0800 032 9595 to get support for your clients.
