Loans Warehouse’ secured loans index has reported that secured lending in November is 43% up on this time last year.
Total lending in November was £47,323,561.50, while the total lent this year to date was £452,908,239, the firm claimed.
However, November saw a 6.05% decrease on a ‘record breaking’ October.
November marked the 25th month in succession where the industry has reported a year on year increase. The figures for the month show the industry has already lent more in Q4 of 2013, than the whole of Q4 2012.
Matt Tristram, co-founder and director of Loans Warehouse & Clearly Loans, said: “In a month that, when compared to recent had very little change, there were still lots of positives for the industry to reflect on.”
