Secured lending was 42% higher in November 2015 year-on-year despite seeing a seasonal drop from October, the Enterprise Finance Secured Loan Index has found.
In October secured lending peaked at £98.5m before falling to £86.7m in November.
The annual gross lending figure is now approaching the £1bn mark after increasing to £959m in the last two months.
Harry Landy, sales director of Enterprise Finance, said: “It was always going to be a difficult to maintain these higher levels of lending, with November seeing the typical drop, as expected.
“This seasonal fall in secured lending could be partly due to consumers typically expanding their existing sources of financing such as overdrafts, rather than consolidating their borrowing in the run up to Christmas.
“However, November was still significantly better than the same month in previous years with an extra £25.8m of transactions year-on-year.”
As it stands the typical secured loan transaction has a loan size of £58,366, sits behind a first charge of £194,644 and stands at 61% loan-to-value.