Marketplace Lending Volumes Update
September reveals another strong month for net lending amongst the major UK platforms. The latest origination data suggest that Ratesetter are rebounding from a tricky summer. Revelations about past wholesale lending activity prompted the platform to offer their investors the option of selling out of their investments without incurring any fees. The impact of this shows up clearly in August with a marked reduction in net lending posted in that month. However, September saw net lending swing to a small positive. In October the platform achieve full authorisation so when the October data is in it will be interesting to see if this rebound has been sustained.