Secured Loan lending surpasses 2011 levels

–  Lending in 2012 already £7m higher than previous year – Gross lending over £30m for 4th consecutive month – High-street lenders’ reluctance drives more borrowers to secured loan market According to data from the latest Secured Loan Index, the amount lent between January 2012 and October 2012 is significantly higher than the entire year of 2011, demonstrating how the second charge sector is expanding to fill the gap left by high-street lenders. Lending up to 31st October, 2012 has already surpassed the previous year in its entirety by £6.8m, Loans Warehouse can reveal. Secured loan lending in October stood at £31.9m, an increase of 1.6% on September’s figure of £31.4m. This modest boost emphasises the effects of theUK’s move out of a recession in the … Continue reading

Secured loan lending in Q3 almost £100m

  – Lending in Q3 at 3 year high – £20m surge in secured loans in Q3 – Lending exceeds £30m for 3rd consecutive month – Gross lending forecast to hit £350m by end of 2012 According to the latest Secured Loan Index, secured loan lending in Q3 reached almost £100m. According to the latest research from secured loan master broker, Loans Warehouse, lending in Q3 of 2012 reached £98.3m, rising sharply from £78.5m in Q2, an increase of 25%. Reflecting the increasing appetite for secured loans over the past year, gross lending in Q3 of 2012 was 17.6% higher than in the same period in 2011, when it stood at £81m and according to previous FLA figures, this is … Continue reading

Secured Loan lending up 50%

  Gross lending in August at £34.6m              – Lending up 6.1% on previous month              – Lending exceeds £30m for 2nd month in a row              – Lending in 2012 almost 50% higher than in 2011 The secured loan market has grown substantially in 2012, as lending figures in August revealed an increase of almost 50% on the same period last year, according to new data from the UK master broker, Loans Warehouse. August lending figures showed that second charge lending in the UK increased from £24m in 2011 to £34.6m in 2012, representing 44.3% annual growth. This is the biggest increase the industry has seen for over three years, taking it back to pre-credit crunch levels (see table 1). … Continue reading

Secured Loan lending surges in 2012

  Secured loan lending increased 12% in the first half of 2012 Lending in Q2 was 10% higher than the same period in 2011 Loan completions up due to new lenders entering the market Secured loan market sees growth despite difficult economic backdrop The first half of 2012 saw secured loan lending surge to £150m, reveal the results from the first Loans Warehouse Secured Loan Index. The research from the UK master broker, taking information direct from its lenders and The FLA, reveals that the secured loan market has witnessed a strong increase for the first six months of 2012, with lending figures reaching £150m, a 12% increase on the same period in 2011. (See Graph 1)   Despite the UK … Continue reading