Our statistics

At Lending Works we love data, so we've provided some interesting facts and figures about our performance for you to dig through.

Data below correct up to 31/10/2023 | Q4 2023 update due by 31/01/2024

Performance

This section allows you to assess our track record of delivering consistent returns to investors. Our leading metric is the 'Expected annual return' received by investors over the lifetime of the loans in their portfolio, which should be considered alongside risk metrics when analysing the performance of your investment.
Expected annual return Expected annual investor return by year of origination. In Q3 2023, expected returns have remained stable in line with portfolio performance. We will continue to monitor it closely due to the external economic environment.
Weighted average APR Average APR by year of origination, weighted by loan principal amount. We've prudently expanded our risk appetite and average APR to meet demand from a wider pool of borrowers.
Expected annual loss rate Expected annual loss rate by year of origination. Loss rates have remained stable in Q3 2023, in line with recent portfolio performance and macroeconomic conditions. Loss rate ranges narrow as each cohort reaches maturity.
Lifetime default rate Lifetime default rate by months on a book, excluding recoveries. Lifetime default rates have increased over time, in line with our risk appetite expansion. We expect lifetime default rates for recent cohorts to be more impacted by the Covid-19 pandemic.
Remember, past performance is not a reliable indicator of future results, and your capital is at risk.
DEFINITIONS

Lending Works Shield

Total amount outstanding
(covered by the Shield) £5,808,483
Shield cash balance
(11.20% of total amount outstanding) £650,562
Shield future income
(2.64% of total amount outstanding) £153,178

The Lending Works Shield is funded by a share of the arrangement fees and a proportion of the interest payable on the loan portfolio (known as net interest margin). As such, the cash balance does not reflect the overall loss coverage. Out of all active loans, 1.18%, of the outstanding borrowing has been paid by the Shield.

The Shield cash balance is the actual amount of cash currently held by Lending Works Trustee Limited to cover missed payments and defaults as they arise. The balance is topped up each day as loan repayments are made by borrowers.

For more information about our Q3 2023 credit performance and an update on the Lending Works Shield, please click here.

The Lending Works Shield does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. The Lending Works Trustee has absolute discretion as to the amount that may be paid, including making no payment at all. Therefore, investors should not rely on possible pay-outs from the Lending Works Shield when considering whether or how much to invest. For more information click here.
DEFINITIONS

Investors

Number of investors 7,137
Average investor lent value £29,829
Average loans per investor 562

Loans

Average income of borrowers £43,128/annum
Average loan size £6,501
Average loan term 50 months
Want to dig deeper?
Download our entire loan book.
Download

Performance and Lending Works Shield statistics are based on Lending Works loans funded by consumer lenders only. Investors and Loans statistics are based on all loans, including those funded by the institutional lenders. Data is from Lending Works.

Our statistics are updated quarterly as per the FCA requirement. The lender dashboard will reflect the updated annual expected returns received by investors over the lifetime of the loans in their portfolio at the beginning of November 2023.