The secured loans market continues to evolve and change at a radical pace with a swathe of new entrants and keenly priced products, enjoying successful growth – even in these still tough times.
Second charge lenders have taken note of the borrowing restrictions put in place by the high street lenders and have stepped up to the mark to fill the gap.
Indeed, latest data from Loans Warehouse Secured Loan Index from Loans Warehouse shows secured loan lending reached nearly £100m in Q3 this year, rising sharply from £78.5m in Q2.
That puts gross lending in Q3 of 2012 some 17.6% higher than in the same period in 2011, when it stood at £81m.
This is the most amount of money lent in any one quarter since Q4 2009.
Rapid change leads to a thirst for information which is why we have launched this dedicated newsletter.
Each week we’ll be highlighting all the latest news and views from all your favourite lenders, master brokers and industry commentators already featuring on the
- Mortgage Introducer website.
Just click on the links in the Loan Introducer newsletter and it will take you straight to the dedicated Loans section of the Mortgage Introducer website.
The secured loans market represents a massive opportunity in today’s market and one it would be remiss to miss out on.
Please feel free to contact the Mortgage Introducer team with your thoughts.
We hope you enjoy this round-up newsletter.
You can email me direct through [email protected] or give me a call on 0207 5028 229
But don’t worry – if you don’t want to receive the Loan Introducer newsletter you can simply opt out by clicking on the unsubscribe button at the bottom of the Loan Introducer email.