Summary of a post.
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.
- Summary of a post.
- Summary of a post.
- Summary of a post.
In line with our risk management framework, today we published our Q4 2019 performance update.
As a platform, we take great pride in all that we've achieved since opening our doors for business nearly six years ago. We’ve
Featured
Wednesday’s Budget speech, coupled with the cut to Bank of England rates, represented a decisive response to the coronavirus. Here we analyse the impact it will have on mitigating disruption from Covid-19, along with the long-term implications of this significant fiscal stimulus.
Rumblings from the Treasury ahead of next week's Budget suggest tax grabs will be needed to fund increased spending, and it appears UK enterprise could be in the firing line. Here we articulate why targeting entrepreneurs and small business is ill advised.
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.
Most popular
- Summary of a post.
The 2019-20 ISA season has been a damp squib, with banks disinterested in attracting savers’ cash, rates cut, and the stock market in freefall. However, the emergence of the IFISA means alternatives beckon for those seeking a stable middle ground in terms of risk and reward.
In a decade of slow recovery, the rapid rise in asset prices has been the standout. But how sustainable has price growth been, and could we be in the midst of a bubble?
- Summary of a post.
Most people consider income tax to be a given, but in the UK it is barely two centuries old. In this article, we look at how this tax has developed over the years, and also why it is set to remain at the core of our tax system for many decades to come.
Open banking celebrated its second birthday last month, but has the ‘revolution for financial services’ that was promised actually come to pass? In this article, we look at the progress the initiative has made so far, and what the future holds in the face of high levels of scepticism.
Recent
The Lending Works Shield does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. The Lending Works Trustee has absolute discretion as to the amount that may be paid, including making no payment at all. Therefore, investors should not rely on possible pay-outs from the Lending Works Shield when considering whether or how much to invest. For more information click here.