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Second charge lending has increased to £135M in March 2023
25 April 2023
I’m delighted to share the latest Secured Loan Index:
https://www.project-insights.co.uk/securedloanindex/march-2023
“Second charge lending has increased to £135M in March 2023, figures reported directly to Loans Warehouse from second charge lenders confirm.
This jump in lending represents a 20.85% increase compared to February’s figures. This growth is considered a clear sign that Second Charge lenders are feeling confident for the first time since the October 2022 mini-budget.
This figure is just 6.49% down year on year, and it was fair to say that when March 2022 figures were released the market was considered buoyant. Unsurprisingly figures for Q1 are also down, 15.85% below the same period in Q1 2022”.
