1
Lender guides

FCA regulation of the peer-to-peer lending industry

2 Minutes' reading
The peer-to-peer (P2P) lending industry is now regulated by the Financial Conduct Authority (FCA). The regulatory framework has been designed to protect customers and promote effective competition.
By Nicholas Harding
18 April 2014
1
Current Affairs

What are the risks involved with P2P lending?

3 Minutes' reading

It is important to fully understand the risks involved in peer-to-peer lending, so we have set out the key risks and how each of these has been mitigated by Lending Works in this helpful summary.

By Nicholas Harding
18 April 2014
1
Current Affairs

Quick guide to credit scoring

3 Minutes' reading
As a responsible lender, we take into account your personal circumstances when applying for a loan with us. To help us do this, applications are assessed using a process called credit scoring.
By Nicholas Harding
18 April 2014
1
Borrower guides

If you have difficulty with your loan repayments

2 Minutes' reading
What happens when borrowers have difficulty meeting their loan repayments? This article outlines the process step-by-step.
By Nicholas Harding
18 April 2014
1
Lender guides

What would happen if Lending Works didn’t exist?

2 Minutes' reading
Lending Works has put together a carefully considered plan to cover the unlikely event that the company ceased trading that would return your money to you.
By Nicholas Harding
18 April 2014
1
Borrower guides

'Right to withdraw' periods

1 Minutes' reading
The peer-to-peer lending sector is regulated by the Financial Conduct Authority (FCA). The FCA rules mandate all peer-to-peer lending platforms to offer borrowers a 14-day 'right to withdraw' period, during which they can withdraw from their agreements without penalty.
By Nicholas Harding
18 April 2014
1
Borrower guides

Quick guide to loan underwriting

3 Minutes' reading
Loan underwriting is the process that we undertake to analyse all of the information provided by each loan applicant and their credit file to assess whether or not that applicant meets our minimum loan criteria. As part of that process all data is verified, analysed and summarised to paint a picture of each applicant.
By Nicholas Harding
18 April 2014
1
Lender guides

Quick guide to paying tax on P2P income

3 Minutes' reading
When you earn interest from a regular bank savings account, for example, the bank automatically deducts basic rate tax (currently 20%) before paying your interest. With interest earned from peer-to-peer lending, tax is not deducted automatically so lenders will need to declare their income to HMRC.
By Nicholas Harding
17 April 2014