With the secured loans industry anticipating a bumper year, the latest Mortgage Solutions People’s Poll asked brokers how many cases they had completed in the last six months.
While 44% said they had completed no secured loans since August the remaining 56% had been active in the sector.
A third of brokers said they had completed 1-3 deals while a further 4% had finalised 4-6 cases in this period. One-in-five brokers (19%) said they had completed more than seven cases.
A spate of lenders launched into the secured loans space at the end of 2013 including Clearly Loans, TFS, Firmus Secured Loans and FinSec while mortgage lenders such as Precise have also made a move into the sector.
Figures released last month showed the volume of secured loans completed across 2013 was 45% up on the previous 12 month period as secured lending reached £493m, figures from Loans Warehouse found.
