Up to £500 ISA transfer bonus*

Earn tax free interest by investing in creditworthy people.
Earn 6.5% p.a. over 5 years, 5.0% p.a. over 3 years.
Draw income, tax free and with no fees.
Enjoy exceptional protection from the Lending Works Shield.

Register in 2 minutes, then open your ISA in just a few clicks.

Important information

Projected returns are not guaranteed. As with all investments, your capital is at risk.

*Promotional Offer Terms: (1) Customer will receive a bonus (“Bonus Incentive)” of: A. £50 for transferring in ISA Funds of £5,000 to £9,999, B. £100 for transferring in ISA Funds of £10,000 to £24,999, C. £200 for transferring in ISA Funds of £25,000 to £49,999, D. £500 for transferring in ISA Funds of £50,000 or more, provided all of the ISA Funds transferred in are used to make one or more lending offers . The transfer can be made in multiple transactions provided all of these are made before the Expiry Date. (2) All transfer requests must be received by us and any subsequent lending offers must be made, by the Expiry Date. The Expiry Date is 5 PM on Saturday 28 July 2018. (3) Promotional Offer starts on Saturday 02 June 2018.  Any ISA transfers already in progress will not be included in the Promotional Offer. (4) New ISA customers only.  Maximum Bonus Payment is £500. (5) Promotional Offer applies to ISA transfers only. New funds placed in your ISA account are not included. (6) Bonus Incentive will be withdrawn / voided if the customer later withdraws their ISA Funds, transfers out their ISA Funds to a new provider, and/or cancels any lending offers in relation to the ISA Funds within the first 6 months of the ISA transfer being completed. (7) All Bonus Incentives will be paid as credit to the Customer’s Lending Works Classic Account by Saturday 25 August 2018. (8) To receive the Incentive Bonus you will need to email your name and account details to: promo@lendingworks.co.uk.
You must follow the correct procedure for transferring in your ISA. If you are unsure how to do this please contact our customer service team on 0207 096 8512 or by emailing cs@lendingworks.co.uk

How it works

When you invest with Lending Works, you lend your money directly to creditworthy borrowers. It’s called peer-to-peer lending.

Personal loans to real people

You'll invest only in personal loans to creditworthy individuals who pass our rigorous approval process.

Invest for 3 to 5 years

Earn 5.0% p.a. on 3-year loans, or 6.5% p.a. on 5-year loans. Take loan repayments as income, or reinvest automatically for maximum returns.

Start with just £10

Invest as much as you like, as often as you like, starting from just £10. Whatever you invest, you'll always get our best 3- or 5-year interest rate.

Meet the borrowers

Average income




Typical age


Interest rates are annualised, assuming loan repayments are reinvested at the same rate, and any bad debt is covered by the Lending Works Shield. You are responsible for paying any tax due on your interest.

Lending Works offered the best balance of competitive returns and credible protection to me

After researching, Lending Works offered the best balance of competitive returns and credible protection to me.

Investor since 2014

The risks

Peer-to-peer lending is an investment. That means your capital is at risk and returns aren’t guaranteed. And remember, the Financial Services Compensation Scheme (FSCS) doesn’t cover poor investment performance, just like with bonds or shares.

That said, we reduce the risk wherever possible. Here’s how.

Market-leading protection

The Lending Works Shield combines a reserve fund with unique insurance against borrower default.

It's not a guarantee against loss, but we believe it's the strongest protection of any unsecured peer-to-peer lending platform. Learn more


Automatically diversified

Your investment is automatically split across many loans. It's inherently diverse, and much less volatile than stocks and shares.


Total invested


Total lost


Reference period: Since launch in 2014 to date; Source: internal monitoring data.
Past performance is not a reliable indicator of future results, and returns aren’t guaranteed.

Lending Works has improved the protection given to investors by launching extended insurance for all its loans.


Accessing your money

Accessing your money is simple. You can draw a regular income, or withdraw your money early, provided that other investors can be found to take over your loans.

Withdraw early

It’s easy to withdraw your money early. For a 0.6% fee, we’ll find another investor to take on your loans.

Avg. withdrawal time

< 1 day

Regular income

You can withdraw your investment as weekly or monthly income. Choose interest-only or capital-and-interest income to suit your needs.


Featured in…

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We’re here to help. Contact us with any question, Mon - Fri, 9am - 5:30pm.

Important information
1) Interest rates shown are annualised, assume that loan repayments are reinvested at the same rate and any bad debt is covered by the Lending Works Shield.
2) As your ISA Manager, we will report to HMRC in relation to your ISA Account as required under the ISA Rules. However, you will remain responsible for dealing with your own tax affairs, filing your tax returns and payment of any tax due on your interest. The tax treatment depends on your personal circumstances and is subject to change in the future.
3) Projected rates are not guaranteed and forecasts are not a reliable indicator of future performance. The value of your investments could fall as well as rise and you may get back less than you invest. Lending Works is not covered by the Financial Services Compensation Scheme (FSCS).
4) You may subscribe up to £20,000 into ISAs in the current financial year (2017/18). Lending Works only offers an Innovative Finance ISA. You cannot subscribe to more than one ISA in each category in each financial year. The categories are Cash ISA, Stocks & Shares ISA and Innovative Finance ISA.
5) To place funds in an ISA, you will need to open an ISA account with us and agree to our ISA terms and conditions.
6) You can withdraw or transfer your ISA at any time, provided your ISA funds are held as cash in your ISA account. If any funds are still on loan under loan agreements, you will not be able to withdraw or transfer them unless you exit the loan agreement(s) early using Quick Withdraw. Quick withdraw is subject to a fee and liquidity is not guaranteed. If you withdraw any ISA funds you will lose any ISA taxation benefits on those funds and you will not be able to replace them. You must only request a transfer using the designated transfer process made available to you. You must not make this transfer yourself by withdrawing the funds and sending these to the new ISA manager. This could result in the loss of ISA tax benefits on those funds.
7) You cannot transfer existing loans from your Classic Account into your ISA Account.
8) If a borrower fails to make a repayment we will take all required steps to collect any amounts outstanding. However, repayment from borrowers is not guaranteed. Typically, your returns will not be affected by late payments or defaults on your loans as the Lending Works Shield will step in and make the missed payments to you instead. However, the Lending Works Shield is not a guarantee against investment losses and your capital is at risk. If you do not receive repayment from a borrower and the Lending Works Shield is unable to make payment to you in respect of that missed payment, you may lose some or all of your interest and capital. In respect of that loan, no deduction can be made from your Annual ISA Limit, even where you have received no income or profit from the loan.
9) In the unlikely event that the Lending Works platform ceases to operate for any reason, for example in the event of firm failure, the management, servicing and collection of all outstanding loans would be transferred to a third party back-up service provider with whom we have in place a back-up servicing arrangement. Our obligations as an ISA Manager would also be performed by our back-up service provider who is also an authorised ISA manager. Your loan agreements will remain enforceable and you will not lose the ISA status of funds in your ISA Account.