New property finance figures compiled by Spark Finance

Business Money is expanding its coverage of the property-related commercial lending sector, working with small business funding partner Spark.

We think the overall trends remain relevant, in particular a major increase in activity in the first half of 2025 vs 2024.

After the success of its well-regarded reporting of the invoice finance market, Spark has been trialling data collection in the property finance market. While this is early days, Business Money was allowed a sneak preview of the outputs.

It contains public sector information licensed under the Open Government Licence v3.0. Readers should also note the calculation methodology.

New debentures

No. in 2025-h1 – Number of debentures which can be attributed to the lender in first half of 2025.

SPV Ratio – Proportion of debentures assigned to a company which appears to be purely set up for the purposes of property ownership.

No. in 2024-h1 – Equivalent debentures in the first half of 2024.

Movement – % movement 2025 vs 2024.

Total 2024 – Number of debentures which can be attributed to the lender in 2024.