Consumer confidence is on the rise

Freedom Finance, enjoyed two consecutive record months for loans completed in March and April this year, signalling a growth in consumer confidence along with an increase in more flexible lending options available to borrowers.  

April saw over £17.9 million worth of loans completed through our ‘soft search’ loan system, beating the previous record in March, which saw completed loans reach £16.6 million, consolidating our position as Britain’s biggest loan broker. 

Brian Brodie, CEO of Freedom Finance, commented on the record breaking streak: 

“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 go from strength to strength.”

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