"Year to date we have now recorded £300m in second charges and, whilst May is an even shorter month than April, growth is widely predicted month-on-month in Q2."
The number of completions dipped below last month's 2,000 headline, with 1,908 second charge loans being completed in April 2021 (but still 278% up on April 2020).
However, whilst month-on-month lending dipped from £91.4m to £77.6m, managing director of Loans Warehouse, Matt Tristram, says this figure "doesn't give a true reflection of the growth".
Matt commented: "March had 23 working days compared to April at just 20, Working day completions were up significantly with the daily completion volume for April at £4.57m compared to £3.97m in March - an increase of 5.2% per day.
"Year to date we have now recorded £300m in second charges and, whilst May is an even shorter month than April, growth is widely predicted month-on-month in Q2."
To see the full report, visit https://dev.project-insights.co.uk/securedloanindex/april-2021.
