The broker records lending having reached £104.3m in June via 2,363 competitions, this latter figure a 9% monthly rise.

This lending volume marks a 16% rise on the May and 365% annual growth. A more sensible comparison, however, would be the £105m lent in June 2019.

Loans Warehouse adds that lending now equals £493m for the year to date.

Meanwhile, the average completion time lengthened by 3.8 days between March and June, coming to 17.6 days.

Loans Warehouse managing director Matt Tristram cheers the performance of Optimum Credit in particular, which recorded £37.9m in lending, “believed to be the most lent by a single lender since the credit crunch of 2006!”, he says.