Loan Introducer
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
  • Commercial
  • Residential
  • Secured
  • Short Term
  • Unsecured
Facebook LinkedIn Twitter

Time: 0:0

Ryan Fowler

Scottish secured loan size up 156%

22 May, 2013

By: Ryan Fowler

category: Secured

0

The average size of a secured loan in Scotland increased from £22,269 in 2012 to £40,241 in 2013 as the value of completions increased by 156% year on year, data released by Smart Money Loans has revealed.

Smart Money’s data also revealed a 38% year on year rise in the number of numbers of cases completed.

Paul Crewe, director at Smart Money Loans, said the movement in the Scottish market is significant and of special relevance to Smart Money as the only intermediary focused distributor in the country.

He said “We took the decision to open an office in Glasgow when we opened for business in England three years ago and with a good team based there, the reception for SML has been fantastic and 2013 is turning into a great year for us north of the border.

“The increasing loan size says a lot about the changing requirements of customers whose access to remortgages has been curtailed.

“Having an active BDM based in Scotland for the last three years along with adding to our Sales Team and moving to a larger office in the centre of Glasgow has really paid dividends for us.

“Our experience is that financial advisers appreciate the personal touch and that, as well as our service and the flexibility offered by secured loans, is why we are seeing such growth.”


Tags: Scotland, secured, Secured loan, Smart Money Loans

Recent News

Evolution Money launches second-charge tracker

08 April, 2021

Loans Warehouse: Business as usual for second charge market

12 January, 2021

Loans Warehouse appoints former OneSavings Bank director

12 January, 2021

Shawbrook increases maximum loan size across second charge offering

12 January, 2021

Comments are closed.

Polls

Will the next six months see an increase in second charge business?

View Results

Loading ... Loading ...
BACK TO TOP

Blog

Blog: Regulation, regulation, regulation

28 January, 2016

  • 0

BLOG: The need to shop around

27 October, 2015

  • 0

Experience is everything

28 March, 2013

  • 0

Tags

  • ‘The LM Experience’
  • £50m
  • 1st HomeLoans
  • 1st Stop Group
  • 247Moneybox
  • 360 Lifecycle
  • 75% LTV
  • 85% LTV
  • Aaron Noone
  • ABC
  • Abhai Rajguru
  • Access 4 Finance
  • Access4Finance
  • Accord
  • acquisition
  • Adam Tyler
  • Adelle Rhule-Martin
  • Adrian Moloney
  • Advertising Standards Agency
  • Advertising Standards Agnecy
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
Facebook LinkedIn Twitter

© CEDAC Media Limited | Terms & Conditions

Advice to readers

While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.


© Mortgage Introducer Limited: Our Privacy and Cookies Policy

TPG

www.mortgageintroducer.com
www.investmentinternational.com
www.homebuying.co.uk
www.propertywire.com
www.everyinvestor.co.uk

Close

Enter the site

Login

Password

Remember me

Forgot password?

Login