As a result of this increase, second charge lending has now surpassed the £1bn mark.
The loan provided the capital required for Burney Group to purchase an existing retail site and parking area next to Ipswich Town Football Club.
2-year, 5-year and variable rate products at 85% LTV are now available, all with a rate of 6.3%.
SFC Scotland will be based in Glasgow and will be headed up by Allan Smith.
As a result, the number of new agreements in September was 2,438, and the value of this new business was £102m.
Andrew Turner, founder and chairman at The Loans Engine said: “This truly is an exciting next step for our fantastic in-house technology."
Finsec provides second and third charge lending up to £150,000 on repayment terms of up to 15 years.
The SFC Solo brand allows advisers to trade independently but with the credibility and protective infrastructure provided by a directly authorised firm.
As a result of the decline, the total number of completions dropped to 2,344 last month.
As a result, the number of new agreements in July was 2,433, and the value of this new business was £101m.