Peer to peer lending is a way for investors to lend money to the individuals or businesses. And the lenders will receive a high interest rate along with the loan amount. Peer to peer platforms work like a marketplace and bring together the individuals who want to lend money and those who are in need of loan. It is an excellent way to get funding without going through complex processes of banks. P2P platforms are beneficial for both borrowers and the lenders. There are many peer to peer platforms in the UK and you can start investing and earning money easily. But it is better to select a platform that follows best lending practices.
Here we are providing you UK’s top P2P lending platforms so that you can select one that suits you best.
Kuflink was launched in 2011 as a bridging loan provider to property investors. With time the company has become a leading peer to peer lending and IFISA provider. What makes them stand out is their consistency. All their loans are secured against UK properties. They have no track record of default borrowers. Their interest rate never changes, that never goes down or up. This way you get what you are offered. The company has great customer service and treats their investors with utmost priority.
You can invest in peer to peer lending with Kuflink and can earn up to 7.2% gross per annum. All the loans are secured against UK properties and the loan term varies from 1 year to 5 years.
Lending Works offers fair financial services to its customers using the latest technology and advanced data science. Whether you are looking for retail finance, personal loan or you are a peer to peer investor looking for a better return on your money they provide you all the services so that you can experience the exceptional. It is a fair and simple peer to peer platform and you can earn 4.5% per annum when investing with Lending Works. It is very easy to set up an account, deposit money and start lending to get a steady earning.
Zopa was founded in 2005 as the first ever P2P lending company. It is the largest peer to peer company in the UK that survived the 2008 financial crisis. It gives people access to easier, simple and better value investments and loans. It brings investors and borrowers together at a platform, providing everything from unsecured loans for home renovation to secured loans for car finance. Zopa offers smart peer to peer investment to its customers. By investing with Zopa you can earn 2 to 5.3% projected return.
Blend Network is a peer to peer lending platform that is focused on development loans and business loans secured against real property. The company was started in 2017 and it offers competitive interest rates to both the borrower and lenders.Unlike other P2P platforms, Blend network is different in that the lenders can question borrowers directly. To start P2P lending with Blend, register yourself, deposit a minimum of £1000 and select the project you want to fund. You can earn 8-12% return per annum.
Loanpad is a peer to peer lending platform that is focused on providing a low risk portion of secured development or bridging loans. It is a user friendly and low risk platform that helps you to make more out of your money. It offers two different accounts, classic and premium accounts. Investors can deposit funds in one of two online accounts that suits their requirements. Both accounts have free access and you can start investing from a minimum of £10 and can earn a return from 3 to 4%.
Relendex is a peer to peer commercial real estate lending platform. This platform connects lenders with creditworthy borrowers providing excellent interest rates for both. All loans lent on Relendex are secured against the UK residential and commercial property. Each loan has a fixed interest rate and you can diversify your portfolio by lending on a variety of loans. Funds that you lent through Relendex are loans not deposits which means your capital is at risk.
CrowdProperty was established in 2014 and it is one of the larger P2P real estate lenders in the UK. It offers loans that are secured against residential or commercial property. The company offers an opportunity for investors to invest in bridging, auction, refurbishment and development loans. As required by many investors Crowdproperty offers a tax free investment account. You can earn upto 8% interest per annum. The process of registration is quick and easy. Once account setup is completed you can pledge to get your funds working.
Assetz Capital was launched in 2013, since that it has become a marketplace to invest and borrow. It offers a wide range of loan products that mostly suit landlords and property developers. This platform has several accounts including IFISA, quick Access, Manual lending and more. All loans are secured against UK property. It also has provision funds to pay the loss if a borrower default and also diversify your capital to mitigate risk. When you invest with AssetzCapital you can earn an interest rate 4.5 to 12%.
Invest & Fund is a peer to peer marketplace that helps individuals and businesses to earn attractive returns from residential development projects. This platform focuses only on residential properties thus reducing the risks as commercial property is more riskier. When you register yourself as a lender, Invest & Fund provides you access to developmental projects, third party reports, detailed credit papers and valuation of every property on their marketplace. You can earn a gross interest rate from 7 to 8% per annum.