Grow your money

Lend your money directly to creditworthy borrowers. They benefit from low-cost loans while you earn interest - that's peer-to-peer lending. To help ensure you receive exactly what you're expecting, we've created the Lending Works Shield which combines a reserve fund with our unique default insurance.

Earn
4.0%
Up to 3 years
4.7%
Up to 5 years

Interest calculator

I have an initial lump sum of £ 2000 to lend over 3 years, at a projected rate of 4.0%.

And I'd like to top up my account with £ 100 every month.

Capital invested £3000 + Interested earned £1000 = £4000

Sign up to start lending

Important information

Interest rates shown are annualised, assuming loan repayments are reinvested at the same rate and any bad debt is covered by the Lending Works Shield. You will be responsible for payment of any tax due on your interest. The tax treatment depends on your personal circumstances and is subject to change in the future. Projected rates are not guaranteed and forecasts are not a reliable indicator of future performance.

As with all forms of investment, your capital is at risk. Lending Works is not covered by the Financial Services Compensation Scheme (FSCS).

What our customers say


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

Wesley

Protecting your money

Of all the things to worry about in life, lending your money shouldn’t be one of them. 

The Lending Works Shield includes a reserve fund to cover any missed loan repayments,
and unique insurance which helps protect against some of the key reasons for borrowers defaulting.

 

The result? Every penny of capital and interest has been returned to our lenders since we launched in 2014.

More about the Shield

How lending works

 
 
Create your account
It only takes 2 minutes
Securely transfer your money
Start lending from just £10
Choose your rate
3 year or 5 year lending
Manage your repayments
Reinvest or take an income
Enjoy watching your money grow
That's it. We'll do the rest.

Accessing your money

Choosing where to invest your money is a very personal choice, as is deciding how you'd like to access it. We give you total flexibility in both investing and accessing your money.

Withdrawing money with Lending Works explained
Need to access your money early?

For a small fee of 0.6% or £20, whichever is greater, you can take some – or all – of your money back early, provided we can find other lenders to step in and take over your loans.

Want to take a regular income?

Automatically set your loan repayments to be transferred directly to your bank account weekly or monthly. Alternatively, take the interest payments as a regular income and reinvest the capital. Totally hands-off and completely free.

 

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

The Independent Logo for Lending Works Quote

Key statistics

“It has been another fiercely competitive year, but the likes of Lending Works continue to bring something fresh and more rewarding to the table."

Frequently asked questions

Do you charge fees for lending? 

No, we do not charge any fees for lending through the Lending Works platform, ensuring our lenders receive maximum returns.

What are the risks involved with peer-to-peer lending? 

Peer-to-peer lending involves lending your money directly to others and, as with all forms of investment, your capital is at risk. The Lending Works Shield does not provide a guarantee against investment losses and lending money is never "risk-free", so it's important you fully understand the risks involved before you start lending.
We've summarised the key risks involved and how we've mitigated them in a helpful guide: What are the risks involved with peer-to-peer lending. If you have any questions please feel free to give us a call on 020 7096 8512 and speak with one of our friendly team.

What happens if a borrower misses their payment or defaults on their loan? 

If a borrower misses a loan repayment, the Lending Works Shield reserve fund will step in to make the payment on their behalf, provided there are sufficient funds available. We will attempt to recover the payment from the borrower and, if successful, the funds will be transferred back into the reserve fund.
If a borrower defaults on their loan, the process is the same. If possible, a claim will be made on one of the Shield's insurance policies. The insurance policies protect against some of the key reasons for borrowers defaulting such as loss of employment, sickness, accidents and death.

Can I get my money back when it is still on loan? 

Provided we can find other lenders to replace you, you can reassign your loan agreements to access your money early using the Quick Withdraw facility. The outstanding funds will be returned to you and will be available to withdraw.
There is a small fee for using Quick Withdraw of 0.6% of amounts withdrawn or £20, whichever is greater, and if the interest rates have changed since your loan was made you may have to pay the additional cost derived from this rate change. These fees will be taken from the money that you are withdrawing and will be clearly stated at the time of request.

Will I have to pay tax on my P2P income? 

The interest you receive from borrowers is taxable, however whether you are required to pay any tax depends on your personal circumstances.
Please note that the tax treatment of your income depends on your individual circumstances and may be subject to change in the future. Find out more in our Quick guide to paying tax on P2P income.
Peer-to-peer lending is also afforded certain tax exemptions courtesy of the Personal Savings Allowance, along with the Innovative Finance ISA.

More frequently asked questions