Terms and conditions

Lending your money

The existing terms and conditions applicable to your Lending Works Account

Lender Platform Terms and Conditions - April 2020 (PDF)

Lender Platform Key Information - April 2020 (PDF)

We are making the following changes (as shown below in italics) to the terms and conditions applicable to your Lending Works Account, which will apply from 8 December 2023 onwards:

• - Addition of 25.3(e), which states that we may terminate this agreement and end your Membership of Lending Works at any time if: “we take the decision to close the Lending Works Platform to all Members and return the balance in your Investment Account.”

• - Amendment of 25.5 which states “If you have Loan Agreements outstanding, we will not be able to close your Lending Works Account following termination by us until all sums due under such Loan Agreements have been repaid by Borrowers, unless we are terminating this agreement under clause 25.3(e).”

• - Addition of 25.6, which states: “If we terminate this agreement under clause 25.3(e) we will arrange the purchase of your outstanding Loan Agreements by paying you the current outstanding balance on those Loan Agreements and will return the full balance in your Investment Account.”

A copy of the new terms and conditions to your Lending Works Account can be found here:

The existing terms and conditions applicable to your Lending Works ISA:

ISA Terms and Conditions - February 2017 (PDF)

ISA Investor Key Information - April 2018 (PDF)

We are making the following changes (as shown below in italics) to the terms and conditions applicable to your Lending Works ISA, which will apply from 8 December 2023 onwards:

• - Amendment of 18.12(d), which states "we terminate your Lending Works Account and Membership of the Lending Works Platform pursuant to any of the reasons specified under clauses 25.3(a) to (d) (inclusive) of the Lender Platform Terms and Conditions."

• - Addition of 18.12(e), which states that we may terminate this agreement and your ISA account if at any time "we terminate your Lending Works Account (including any associated ISA Account) and Membership of the Lending Works Platform pursuant to clause 25.3(e) of the Lender Platform Terms and Conditions".

• - Amendment of 18.14, which states that "If you have Loan Agreements outstanding, we may not be able to close your ISA Account following termination by us until all sums due under such Loan Agreements have been repaid by Borrowers, unless we are terminating this Agreement under clause 18.12(e)."

• - Reference to 18.12(e) under 18.15 amended to 18.12(f) accordingly.

A copy of the new terms and conditions to your Lending Works ISA can be found here:

General policies

Details of how we identify, manage and mitigate conflicts of interest in relation to the Lending Works platform:

Lending Works Conflicts Policy (PDF)

The Lending Works Shield Policy sets out the structure, key features and governance framework of the Lending Works Shield Contingency Fund:

Lending Works Shield Policy (PDF)