Figures released show that secured lending grew by 13.7% in March this year, with second charge lending increasing by over £9 million from the previous month. 

The total amount lent on an annual basis has risen by 19% on the previous 12 month period, currently totalling £799 million.  The average amount of a secured loan has also increased to £61,347 – a 14% increase from January 2015 with home improvements continuing to be the most common reason for individuals to take out secured lending.

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