Loans Warehouse sees fall in 85% LTV second charge lending

Published on

Loans Warehouse has stated that second charge lending totalled £166.5 million in August 2022, according to figures reported directly to it from second charge lenders.

August 2022 saw an annual increase of 74.08%.

The annual growth has now increased again and is set to surpass £1.75 billion in 2022, another post-financial crisis record.

The most noticeable change in August’s figures to recent months is the drop in lending above 85% LTV, down 3.33% on July 2022.

Completion times have seen a slight decrease as lenders have successfully recruited in recent months to manage the increased demand, the packager said.

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...