Freedom Finance completes record £17.9m in April
Freedom Finance has reported two consecutive months of record lending for March and April.
"Increased competition and the emergence of challenger banks has meant that lenders are now able to offer more attractive options for borrowers."
April saw over £17.9 million worth of loans completed through the Freedom Finance ‘soft search’ loan system, beating the previous record of £16.6 million in March.
Brian Brodie, CEO of Freedom Finance, commented: “Our record-breaking figures show that increased competition and the emergence of challenger banks has meant that lenders are now able to offer more attractive options for borrowers. The exceptional value that this competition creates in the personal loan market is leading to a significant uplift in consumer appetite for loan products. With the unsecured loan space seeing a particular rise, it is clear that the availability of credit is allowing consumer confidence to grow from strength to strength."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Budget
Budget: Government confirms details of 2.5% deposit first-time buyer scheme
State Pension
Budget: Government confirms state pension tax protection
FCA
FCA restricts six lenders over anti-money laundering concerns
FCA
Advice firm employees plead guilty after defrauding clients of £2m
Budget
Budget: Government reduces Lifetime ISA withdrawal charges ahead of new FTB ISA launch
Inflation
Inflation rises to 3.5% as mortgage rates outlook shifts
