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Second Charge Lending up 45.3% in 2022
27 January 2023
Second charge lending reduced for the fourth consecutive month to £101.5 million in December 2022, figures reported directly to Loans Warehouse from second charge lenders confirm.
Despite the recent fall, total lending for 2022 finished at £1.71 billion which is an increase of over 45% year-on-year.
The percentage of lending above 85% LTV increased in the past month, up just shy of 2% on November 2022, the highest increase since July 2022.
Completion time from submission has remained steady throughout the month, currently standing at 18.9 days... Read more>>
