HNW Lending, an alternative lender that provides individual loans of between £50,000 and £2 million to clients against their valuable assets, has seen an increase in enquiries from classic car owners seeking to use their vehicles to secure loans.

It had 35 percent more enquiries around securing loans against classic cars for the period October 2016 to March 2017 when compared to the previous six month period. This was also 27 percent higher than the same period a year earlier (October 2015 to March 2016).    

To date, HNW Lending has provided loans worth over £1 million against classic cars, with...