The value of second mortgage loans rose 16% year-on-year to £176 million in August.
The latest figures from the Finance & Leasing Association show that second-line lending in volume in August was up 10% year-on-year at 3,459.
The total value of loans for the year to August was 23% higher than the corresponding period of 2024, at £1.937 billion.
The total number of loans for the year to August was 16% higher at 38,614 than in the same period a year earlier.
Fiona Hoyle, director of consumer and mortgage finance and inclusivity at the Finance and Leasing Association, said: “The second mortgage market continued to report double-digit growth in August, but at a slower pace than in recent months. In the eight months to August 2025, new contract volumes were 12% higher than the same period in 2024.”
“The share of new contract volumes solely for the consolidation of existing loans rose to 59.4% in August, the highest percentage so far this year.”