Since opening our doors back in 2014, we’ve always prided ourselves on living and breathing two key principles at Lending Works: innovation, and putting the customer first in everything we do.
Lending Works announces new bonus offer for lenders
It was with great pride that Lending Works collected the Best P2P Platform for Savers award at the Moneywise Customer Service Awards last month. The fact that these awards are generally referred to as ‘The Oscars’ of personal finance is a reflection of the esteem in which they are held, and it was very pleasing for us to have been given this stamp of approval by such a substantial pool of voters (50,000 across all 29 categories).
To celebrate this achievement, we’ve decided to reward all lenders – both new and existing – for investing their money with us courtesy of a lucrative new bonus scheme.
What does this bonus scheme entail, we hear you ask? Here are the details….
Starting on Monday 24 July, your Lending Works account will be credited with a £50 bonus for each calendar week in which you lend £5,000 or more through our platform. Given that this offer expires on Sunday 20 August, this means you can potentially earn a bonus of up to £200 for the four-week period, assuming you are able to lend out £5,000 or more in each of the four calendar weeks.
You can read the promotion Terms and Conditions by clicking here.
Rates are soaring too
However, in addition to this attractive incentive, you’ll also benefit from our outstanding rates of return. Due to our platform being able to unlock new channels of creditworthy borrowers, demand for Lending Works loans is higher than ever before. This, in turn, has seen our lender returns rocket to 5 per cent and 4 per cent for five and three-year investment terms respectively.
We must of course emphasise that, as with any investment, your capital is at risk, and not covered by the Financial Services Compensation Scheme. You will, however, be impressed with our excellent track record in returning every penny expected by lenders to them (on time, too), and with the protection afforded to you by the Lending Works Shield, we think this will bring you the peace of mind you need to take advantage of this exciting offer.
These were the thoughts of our CEO, Nick Harding, on how ‘The Best P2P Platform for Savers’ is leading the way in delivering a rewarding lender experience:
“On the back of our success at the Moneywise Customer Service Awards, we are very pleased to put forward this new incentive for lenders. At a time when interest rates on savings are stubbornly low, and stock markets remain volatile, peer-to-peer lending continues to buck the trend with stable, inflation-beating returns as a midpoint between the two asset classes in terms of risk and reward.
“The fact that Lending Works’ rates of return have soared in recent times is testament to the exponential growth we have enjoyed in 2017, and our ability to attract a steady flow of prime consumer borrowers. For lenders, this means the benefits continue to swell, and we look forward to helping many investors significantly grow their wealth over the next month – and beyond.”
Projected returns are not guaranteed. Lending Works is not covered by the Financial Services Compensation Scheme (FSCS).
AS WITH ALL FORMS OF INVESTMENT, YOUR CAPITAL IS AT RISK.
Related articles:
Our website offers information about saving, investing, tax and other financial matters, but not personal advice. If you're not sure whether peer-to-peer lending is right for you, please seek independent financial advice, and if you decide to invest with Lending Works, please read our Key Lender Information PDF first.
As with all investments, your capital is at risk.
With the retail sector enduring its fair share of challenges, companies are looking at new ways to attract customers, and drive conversion. In an overcrowded, dog-eat-dog marketplace, with behemoths such as Amazon flexing their muscle, it’s easier said than done.
On 4 June 2019, the Financial Conduct Authority (FCA) released its new regulatory framework for peer-to-peer lending (P2P); a Policy Statement known as PS19/14. As you might imagine, it's a document which, following a three-month consultation, is a hefty read of no fewer than 102 pages.
When it comes to investing, there are numerous questions that need to be asked, and lots of things which need to be properly understood before committing your hard-earned money
For all the resilience the UK economy has shown, there is no doubt that this year's ISA season is set against a backdrop of uncertainty. Whatever the pros and cons, Brexit, and a lack of clarity on what our future economic relationship with the EU will look like, has left us at a crossroads.
Featured
In a difficult climate, customer acquisition and lead generation present stern challenges for UK retailers, and a great deal of marketing spend invariably gets directed towards getting feet through the door.
There is a variety of literature and research illustrating the importance of building brand loyalty, albeit with some degree of variance.
Over the last decade, there can be little dispute that the reputation of mainstream banks – and particularly the so-called ‘Big Four’ (HSBC, Barclays, Lloyds and RBS) – is at its lowest ebb.
The idea of peer-to-peer (P2P) lending is a simple one; you lend money to those who wish to borrow, with a view to receiving a great return for doing so.
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.
Most popular
The financial crisis is a bitter memory of what can go wrong when regulators lose control of markets. It seems hard to fathom now, but a little over a decade ago, buyers could acquire mortgages to the tune of 125 per cent of the home’s value (the Northern Rock Together mortgage being one of the most infamous), with only the most lax affordability checks standing in their way.
Numerous theories have emerged as to why the UK has endured such a severe productivity problem over the last decade. Growth in productivity of just 2 per cent during that period would typically have been accomplished within a single year prior to the financial crisis, and thus the 'productivity puzzle' continues to confound economists
In the aftermath of the financial crisis back in 2008/09, the Bank of England (BoE) had considerable headroom in terms of monetary policy, and - rightly - it made full use of it.
While it has held up better than expected over the past year or two, the UK economy and its macroeconomic indicators make for anaemic reading.
It’s no exaggeration to say that the global financial system as a whole is predicated on the ability to buy something now, and pay for it later. Barely anyone would be able to make a substantial purchase such as a house without an instrument like a mortgage.
