Peer to peer asset-backed finance provider HNW Lending has revealed that in the first quarter of the year it wrote four times as many loans with a value of five times the value of the same period last year.
HNW Lending makes loans to borrowers based on ‘normal’ assets such as property as well as some more ‘unusual’ collateral.
In the last quarter, HNW Lending completed over 10 property loans ranging from £30,000 to several hundred thousand pounds per loan. It has also put loans together on more unusual items such as three car loans including a 1939 Lincoln Zephyr, a 1965 Jaguar and a customised Maybach; a loan using a holiday home in France as collateral; a wine loan; a loan on timeshare units and a loan based on assets held in a pension scheme.
Ben Shaw, CEO, said: “We are delighted to be filling a genuine need for a loan provider and helping many individuals and businesses in the UK.
