The value of new second charge mortgage lending grew by 8% year-on-year to reach £76m in January 2018, figures from the Finance & Leasing Association showed.
In the three months to January 2013 there was £234m, a rise of 5% from that the year before and there was £1.03bn in the 12 months to January, increasing by 16% year-on-year.
There were 5,118 new agreements in the three months leading to January, 5% more than that last year and 1,645 in January, 15% more year-on-year.
Fiona Hoyle, head of consumer and mortgage finance at the Finance & Leasing Association (FLA), said: “The second charge mortgage market reported growth in January, with new business up 8% by value and 13% by volume compared with the same period in 2017.
“The sector is continuing its work in ensuring that the new regulatory regime is fully implemented.”