Masthaven Secured Loans has reported that its new secured loan volumes were up 33% in March compared to the previous month.

Having successfully launched into the market in September 2012,

The lender made major changes to its product range and extended its lending into Scotland in January. This follows its launch to market in September last year.

It says it has also now almost completed its rollout to experienced secured loan brokers.

Stuart Aitken (pictured), MSL’s chief operating officer, said: “We are delighted with the support from our broker partners, and look forward to continuing to ramp up our volume and grow our presence in the market.

“Additional recruitment, system enhancements, and product innovations and improvements are in the pipeline in order to support our ambitious growth targets.”