Claim your first £25*

Lend to approved, creditworthy borrowers.
Earn 6.0% p.a. over 5 years, 4.5% p.a. over 3 years.
Enjoy exceptional protection from the Lending Works Shield.
Keep control: re-invest, draw income or withdraw early.
*Terms and conditions apply

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 is the peer-to-peer lending?

Peer-to-Peer lending connects creditworthy borrowers seeking personal loans with people who are happy to lend them money. As the investor you then earn a portion of the borrowers’ repayments on top of your initial investment – meaning you get a much greater return than a traditional savings account would offer.

Market-leading investor protectionIs peer-to-peer lending safe?

As with any form of investment there is a risk involved, however, we take great pride in the fact that no investor has ever lost a single penny, and we work hard to ensure that never changes.

Our first priority is to ensure loans are only written for those who can afford to pay them back. We combine years of industry expertise with innovative technology to make a final decision on who we will lend your money to.

In the unlikely event a borrower does default, we’ve still got you covered. We maintain a reserve fund which is used to compensate our lenders should a borrower default – or simply go into arrears - for any reason.  Your investment is also spread across many borrowers – this ensures that, even if a borrower does default, the risk is minimised.;

Finally, we also avail of a unique insurance which covers your investment in the event of borrower default for common reasons such as accident, illness, unemployment or death, or even criminal activity such as fraud or cybercrime.

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
Watch your money grow
That's it. We'll do the rest.

Best P2P Platform for SaversBest P2P Platform for Savers - two years in a row

Lending Works was named as the Best P2P Platform for Savers for the second year in a row at the 2017 Moneywise Customer Service Awards. The awards are voted for by the public, and in 2017 nearly 50,000 consumers cast their votes which confirmed Lending Works as the best P2P platform for savers.

So if you’re interested in investing in a Lending Works ISA, please get in touch with our award-winning customer services team by or phone (020 7096 8512).

What our customers say

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

Frequently asked questions

Do you charge fees for lending?

We do not charge fees to lenders for using the Lending Works platform..

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: 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.

*Offer Terms: (1) Offer starts on 16 October 2017 (“Start Date”) and expires at 23:59 on 05 November 2017 (“Expiry Date”). (2) We will credit the first 25 customers who open a new Lending Works lender account on or after the Start Date with the sum of £25 (“Bonus Incentive”. Credit will be allocated to your classic account within a week. Once allocated to your classic account, we will automatically put the Bonus Incentive on offer on your behalf at the 5-year rate shown on our website. (3) To receive the Incentive Bonus you will need to email your name and account details to: (4) Incentive Bonus can only be withdrawn once you lend £1,000 or more using your classic account .

Projected rates are not guaranteed and forecasts are not a reliable indicator of future performance.