Related topic: Second charge

By value, new business reached its highest February level since 2008.

Kieran joined Equifinance from Mortgage Engine and prior to that spent nearly six years at Shawbrook Bank.

The expanded range includes new commercial and semi-commercial term second charges, alongside commercial bridge second charge products.

The lender has increased flexibility on benefits income for affordability, relaxed requirements for later life lending and enhanced AVM rules for second charge loan applications.

The changes are designed to simplify and accelerate application to offer journeys for brokers and customers.

The UK second charge market reached £2.14bn in 2025, yet less than 5% currently serving buy-to-let landlords.

The second charge mortgage market made a positive start to 2026 although the pace of growth slowed slightly compared with recent months.

The new range is suitable for capital raising, chain break, or planning permission costs.

Eddie Lau, broker account manager at Norton Broker Services, explores how second charge loans can allow a borrower to keep their main mortgage in place, avoid early repayment charges,...

The 41,657 loans completed in 2025 equate to almost 3,500 second charge mortgages per month, or more than 800 loans each week.