In Q1 2017, lending figures were £5.8m which is already a 242% increase from the first quarter of 2016, with the average loan size being £160,000.
HNW Lending experienced a 334% year-on-year increase in lending in 2016.
In Q1 2017, lending figures were £5.8m which is already a 242% increase from the first quarter of 2016, with the average loan size being £160,000.
These figures bring the total loan amount to over £30m since its launch in 2014.
Ben Shaw, founder and director of HNW Lending, said: “A number of high-net worth individuals have been struggling to raise funds from banks, but many of their valuable assets such as classic cars and property have been rising in value, which has made it easier for them to use this as collateral to secure loans.”
