Q1 Second charge Lending up 82%
26 April 2022
The figures reported directly to Loans Warehouse from second charge lenders confirm lending totalled £155.5 million in March 2022, a new post credit crunch record and a continuation of the huge growth being seen in second charge lending over the last 6 months.
These record breaking figures represent a 12.36% increase month on month, and a 12.83% rise on the previous post credit crunch record.
Lending in Q1 of 2022 is also rewriting the record books up 82.62% on the same period in 2021. By comparison, it took until June to reach the same level of lending last year.
The number of loans written was again a new record at 3237, beating November 2021's figures of 3036.
The full Secured Loan Index can be viewed here: https://www.project-insights.co.uk/securedloanindex/march-2022
