The figures, from Loans Warehouse, show the current year’s lending set to surpass 2009 figures for the first time since the onset of the credit crunch. In 2014 lending levels are currently £110,000,000 (13%) above the same time last year.
Matt Tristram, co-founder and director of Loans Warehouse and Clearly Loans, said: “One of the many factors towards this month’s ground breaking lending figures is the continual criteria improvements being made by lenders throughout 2014, two lenders seeing this more than others are Evolution Money and Norton Home Loans.”
Paul Stringer, loans and mortgages director at NHL, confirmed that the firm had a record completion month in September.
He added: “Finding not only a lender with competitive rates but also with a high certainty of completion is essential when choosing the best lender for the customer’s circumstances.
“The ever more attractive products Norton and other lenders in the industry offer will mean there will be an increasing number of customers who will benefit from a secured loan rather than a remortgage.”
