Average second-charge loan falls to £52,300, its lowest this year

Dividing the FLA's July 2026 new business of £205.0m by its 3,919 new agreements gives an average second-charge loan of about £52,300, the lowest monthly figure of 2026 so far.^1,2

In July 2025 the same calculation gave about £52,000, so the average is 0.5% higher on the year. Between June and July 2026 the value lent stayed at £205m while agreements rose by 91.²

The average peaked at about £55,200 in March 2026, when lenders advanced £228m across 4,129 agreements. It has fallen every month since: about £54,500 in April, £53,900 in May, £53,600 in June and £52,300 in July.²

Across January to July the average was about £53,900, with £1.4bn advanced over 25,985 agreements. In the same months of 2025 it was about £50,300.²

Over the 12 months to July the FLA counted £2,384m of new business and 44,781 agreements, an average of about £53,200.¹

The FLA publishes the value and number of new agreements; the average is our division of one by the other. It is a mean, so a few large loans can move it, and it says nothing about the typical case.²

The Secured Loan Index treats the latest month as provisional, because the FLA can revise it when it publishes the next release.²

We expect the FLA's August figures in late October, based on the timing of past releases. July's came on 23 September 2026.¹