The Cheshire-based firm said that the average size of a secured loan rose to £41,000 in the past year.
It said this was due to more brokers using its services because of a lack of options for intermediaries in the first charge market.
The firm added that it was now seeing enquiries for business purposes, purchase of investment property, debt consolidation and for home improvements.
V Loans said the sector was also continuing to grow in terms of business volume, as well as increasing loan sizes.
Dave Pinnington, business development director at V Loans, commented: “As the first charge market has retreated from lending, so secured loan lenders have stepped up to fill the gap.
“With Shawbrook increasing its loan size to £200,000, Blemain are now also offering larger loans up to £250,000 or up to £500,000 upon referral and Masthaven and Nemo are offering loans up to £100k.
“This activity is feeding through to the intermediary, who faced with not being able to use remortgaging as freely as in the past, is seeing the advantages of the secured loan as an effective way to maintain existing borrowing at preferential terms and provide the means to borrow the extra funds clients need.”
