Oaknorth, ONS, ASDA Money, Aegon and Ratesetter in Lending
- OakNorth has revealed it has lent over £710m to entrepreneurs since launching in September 2015. The bank has lent over £430m so far in 2017 and says it has another £700m-worth of deals in the pipeline
- ONS has reported that annual house price inflation slowed slightly to 4.9% in June 2017, taking the average value of a UK property to £223,257
- Asda Money has partnered with Freedom Finance to launch a personal loans offering, available online and via telephone
- Aegon has entered into a strategic partnership with Funding Circle which will see it fund £160m of loans in the first 12 months. The arrangement will then be extended step-by-step into a four-year funding programme. In the first year, the investment will help approximately 2,600 UK businesses to access finance
- Ratesetter has left the Peer-to-Peer Finance Association after being accused of attempting to hide bad loans from investors. In a statement it said no customers had experienced any loss from its actions but acknowledged that it had breached the principles of the Association
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