Compare P2P lending accounts and IFISAs now

LendingCrowd Update On COVID-19 13th March 2020

Click "Learn" to get help

By on 13 March, 2020 | Read more by this author

By LendingCrowd.

Amid the ongoing coronavirus (Covid-19) outbreak, LendingCrowd stands ready to help our valued community of borrowers and lenders.

With the stock market experiencing volatility in recent days, it is important to remember that LendingCrowd only lends to British businesses that have been carefully assessed for affordability by our expert team.

Returns from lending to businesses are not subject to the same ups and downs as the global stock market. Well-run, creditworthy and ambitious businesses are continuing to seek funding through our platform currently in order to create jobs, expand their operations and contribute to the British economy.

We have already reached out to all of our borrowers – our message is one of support and reassurance. We are working with various government bodies to identify funding packages that may apply to our borrowers if required.

We have also signposted a number of organisations that can provide additional support and information, including the Federation of Small Businesses and other professional bodies, as well as guidance and advice from the UK government.

LendingCrowd is a strategic partner of the Institute of Chartered Accountants of Scotland (ICAS), so if businesses need advice from a Chartered Accountant they can visit: https://www.icas.com/find-a-ca

Businesses in England or Wales that are seeking advice from a Chartered Accountant can visit: https://find.icaew.com/

In Wednesday’s Budget, the Chancellor of the Exchequer, Rishi Sunak, announced a number of measures designed to alleviate the impact of coronavirus on businesses, including a package of business rates relief, to help free up cashflow so that businesses can meet their other commitments.

The LendingCrowd management team is monitoring developments and we have business continuity plans in place to ensure we can continue to operate our platform as effectively without any disruption to our service. As a platform that is authorised and regulated by the Financial Conduct Authority, we are obliged to have robust business continuity plans in place.

Thank you for your continued support. If you have any questions, please email contactus@lendingcrowd.com or call 0345 564 1600.

Read the main COVID-19 updates article: P2P Lending And COVID-19: News And Updates.

And: How COVID-19 Shows That P2P Lending Is A Fairer Investment.

Visit LendingCrowd.*

Comments are closed.

Today’s average interest rates

What is the “4thWay”?

There's the savings way, the property way, the stock-market way, and now there's the peer-to-peer lending way. The 4thWay® to save and invest.
Learn more.

What does 4thWay do?

We help people save and make more money, more safely when they cut out the banks and lend directly to other people and to businesses.

Why use 4thWay?

4thWay® is shaped by investors, bank risk modellers and a senior debt specialist, and we're governed by our users to ensure our comparison services and research are trustworthy and complete.

Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers “bonds”. Unlike its P2P lending service, its bonds don’t allow you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

Got it

×

Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers two “bonds”, one of which is available as an ISA.

Unlike its P2P lending service, neither of these bonds allows you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

Got it

×

Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers two “bonds”, one of which is available as an ISA.

Unlike its P2P lending service, neither of these bonds allows you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

Got it

×

Why are Orchard’s interest rates different?

Orchard’s lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Orchard’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Got it

×

Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers “bonds”. Unlike its P2P lending service, its bonds don’t allow you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

Got it

×
Back to top