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Secured Loan Index reveals second-highest lending total since the financial crisis
04 July 2022
Second charge lending totalled £150.9 million in May 2022, figures reported directly to Loans Warehouse from second charge lenders confirm.
May's figures represent a 7.47% growth month on month and the second-highest lending total since the credit crunch.
The annual growth is almost unprecedented with a huge 67.88% growth from May 2021, whilst year-to-date lending has now reached £834m, well over double the £389m by the same point last year.
Additionally, May saw an improvement in lender completions times, down from 22 to 15 days (receipt to offer)
Secured Loan Index - May 2022 | Insights (project-insights.co.uk)
