The secured loan industry has witnessed a steady pace of growth over the last 2 years, recently boosted by an increase in market awareness, according to the latest Secured Loan Index produced by Loans Warehouse.
Overall secured loan lending in 2012 currently stands at ?327.1 million - this is the highest level since 2009, where overall it stood at ?566 million.
Second charge lending advanced to ?34.3 million during November. This was a 7.5 per cent increase on the ?31.9 million lent in October and a 22.5 per cent increase from ?28 million in November 2011.
?November is the fifth consecutive month where lending has been over the ?30 million mark, evidence of how the secured loan industry has stabilised since the credit crisis.
Date: December 17, 2012
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