Disclaimer
This site is written for information. It is not financial advice and it is not a personal recommendation.
Who writes it
One person, writing about their own experience of investing through UK peer to peer lending platforms from 2016 onwards. Not a financial adviser, not qualified to give advice, and not authorised or regulated by the Financial Conduct Authority. If you want advice about your own circumstances, that is a job for a regulated adviser and it is worth paying for.
Your capital is at risk
Peer to peer lending puts your money at risk in ways that are easy to understate:
- Borrowers default, and on the platforms that lend against property the security is often worth less on a forced sale than the valuation suggested.
- Platforms fail. Several UK platforms went into administration between 2018 and 2022, and lenders on some of them recovered a fraction of what they had invested, years later.
- Money can be locked up. Even where a platform survives, a secondary market can stop functioning exactly when everyone wants to use it, and a wind-down can take years.
- The Financial Services Compensation Scheme does not cover investment losses on peer to peer loans. A platform being FCA authorised is not the same as your money being protected.
You could lose everything you put in.
Accuracy
Figures on this site are read off the source, by hand, on the date shown at the top of the page as "last updated". Rates, minimums, terms and even company names change, and a page checked six months ago may be out of date. Nothing here is warranted to be complete or correct, and no liability is accepted for decisions taken on the strength of it.
If you find an error, tell me. Corrections get made and dated.
Commercial interests
No lending platform pays this site anything: no affiliate links, no referral commission, no paid reviews, no sponsorship. The site earns from a referral code for a registered office address service, and in future from money transfer referrals and advertising. All of it is set out on how this site makes money.
Older versions of this page mentioned income from platform "refer a friend" cashback offers. Those offers no longer exist. The FCA's rules on Restricted Mass Market Investments, in force since February 2023, ban firms from offering incentives of that kind to retail investors, and this site has no platform income of any kind regardless.
Third party sites
Links out are for reference. They are not endorsements, and what happens on another site is not something this one can control or take responsibility for.