Feb. 1, 2013
-- Industry experts are predicting that this year could well turn out to be a huge one for the secured lending sector. 2012 ended extremely strongly and this trend is set to continue. More lenders are expected to turn to the finance option over the next twelve months. Major figures in secured lending are of the opinion that this year may well turn out to be a milestone one for the industry and many new providers could join the market to enhance competition.
Competitive products and attractive rates helped secured lending to have a phenomenal 2012 considering the economic climate, in fact lending levels broke records according to media outlets such as The Financial Reporter. Indeed, sites concerned with the finance sector suggest that It is thought that good performance led to the changing opinions of consumers towards alternatives to traditional financial options such as the remortgaging of the home.
This, along with the stringent criteria set down by the high street lenders and banks as well as the lack of confidence that the public have in these companies has paved the way for secured lenders to perform a lot better. Specialist lenders may well be confident that they can diversify into what is becoming a far more trusted market. One only has to look around sites such as The Loans Engine (https://www.theloansengine.co.uk/
) to see the kinds of options that are available for anyone seeking a secured loan.
In addition to the expected new players that are expected to emerge into the secured lending market, it is also thought that some of the old companies that have suffered over the last four years could make an unexpected comeback.
To read more about the different purposes for a secured loan, visit The Loans Engine website by clicking this link. (https://www.theloansengine.co.uk/secured-loans/secured-lo...