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 seen over the last six 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.
The number of loans written was again a new record at 3,237, beating November 2021’s figures of 3,036.
As a result, Q1 lending is up by 82.62% on the same period in 2021. By comparison, it took until June to reach the same level of lending last year.
To see the full report, visit https://www.project-insights.co.uk/securedloanindex/march-2022.
