This page sets out loan statistics designed to help you understand the performance of the loans we have arranged to date, including the value of loans originated, the extent to which principal and interest on these loans are repaid, and the amount of loans in arrears and defaults, including recoveries. We also set out our expectation for the default rate over the coming year.
It is important to remember that past performance is not an indicator of future performance.
Lending involves risk and if a loan defaults, you may not receive some or all of your capital or interest back.
Expected default rate
The expected default rate is our prediction of the total value of loans that will go into default as a percentage of the total outstanding loans. We review and update our expected default rate every 6 months.
Our most recent expected default rate on 1 July 2026 is 8.27%.
It is important to remember that this percentage is an average across all the loans we originate at a point in time, as we use a single risk category. It doesn’t mean that you will lose 8.27% or you can only lose 8.27% on the amount you invest. The default rate might change, or you might be invested in a single or small number of loans that go into default or you might be invested in a pool of loans with a lower default rate than 8.27%. That is why we recommend diversifying your investments over a number of loan agreements.
You can find out more about the risks of investinghere.
How do we predict the expected default rate?
Our expected default rate is calculated by blending our historical performance data with forward-looking economic indicators. This approach considers all years of actual repayment data alongside a predictive factor tied to employment trends. By combining actual internal results with broader economic forecasts, we aim to provide a realistic projection of future loan performance. There is however no guarantee of the actual default rate as economic / socio-economic factors outside of our control play a significant role in the default rate.
| Loan Volumes and Amounts Repaid | Apr-26 | May-26 | Jun-26 | Jul-26 | Aug-26 | Sep-26 |
|---|---|---|---|---|---|---|
| Aggregate loans issued from inception to date (£) | 85,088,268 | 85,239,748 | 85,467,428 | 85,773,368 | 88,407,068 | 91,917,858 |
| Aggregate principal paid from inception to date (£) | 36,560,380 | 37,256,164 | 37,998,277 | 38,866,161 | 39,600,173 | 40,672,059 |
| Aggregate interest paid from inception to date (£) | 10,610,897 | 10,886,210 | 11,196,904 | 11,487,791 | 11,726,101 | 12,083,421 |
| Loan Analysis1 | £ | % |
|---|---|---|
| Loans outstanding – Current2 | 46,862,917 | 87.44 |
| Loans outstanding – Arrears3 | 1,520,577 | 2.84 |
| Loans outstanding – Default4 | 5,213,842 | 9.73 |
| Total Loans Balance | 53,597,336 | 100.00 |
| Arrears Analysis – Loan Balances1 | £ | % |
|---|---|---|
| Less than 30 days | 809,751 | 53.25 |
| Between 31 and 60 days | 436,242 | 28.69 |
| Between 61 and 90 days | 274,583 | 18.06 |
| Total Loans in Arrears | 1,520,577 | 100.00 |
Vintage Analysis1,5
| Loan Origination Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total |
|---|---|---|---|---|---|---|---|---|---|---|
| Total loans issued in year (£) | 295,133 | 2,811,435 | 6,997,360 | 10,078,010 | 14,409,150 | 14,525,690 | 14,275,900 | 16,420,210 | 12,104,970 | 91,917,858 |
| Total principal paid from loans issued in the year (£) | 278,636 | 2,609,563 | 5,907,053 | 7,361,901 | 9,396,974 | 7,690,324 | 4,997,488 | 1,993,590 | 436,532 | 40,672,059 |
| Total interest paid from loans issued in the year (£) | 77,704 | 723,012 | 1,744,031 | 2,135,140 | 2,563,172 | 2,543,466 | 1,662,366 | 541,044 | 93,485 | 12,083,421 |
| Total Paid from loans issued in the year (£) | 356,340 | 3,332,575 | 7,651,084 | 9,497,040 | 11,960,146 | 10,233,790 | 6,659,854 | 2,534,634 | 530,017 | 52,755,480 |
| % of total payments to loan amount | 121% | 119% | 109% | 94% | 83% | 70% | 47% | 15% | 4% | 57% |
| Loan balances by year of issue – Total (£) | 25,701 | 313,707 | 1,385,946 | 2,917,075 | 5,651,975 | 7,544,814 | 10,197,194 | 15,345,432 | 10,215,490 | 53,597,336 |
| Loan balances by year of issue – Current (£) | 9,362 | 203,631 | 1,002,116 | 2,298,548 | 4,328,126 | 6,239,986 | 8,091,888 | 14,490,353 | 10,198,908 | 46,862,917 |
| Loan balances by year of issue – Arrears (£) | 0 | 0 | 35,183 | 155,239 | 183,127 | 229,028 | 394,067 | 507,351 | 16,582 | 1,520,577 |
| Loan balances by year of issue – Default (£) | 16,339 | 110,077 | 348,648 | 463,289 | 1,140,722 | 1,075,801 | 1,711,239 | 347,729 | 0 | 5,213,842 |
| Initial loan amount by year of issue – Loans in repayment (£) | 295,133 | 2,811,435 | 6,997,360 | 10,078,010 | 14,409,150 | 14,525,690 | 14,218,180 | 8,762,860 | 2,387,410 | 74,485,228 |
| Loan balances by year of issue – Loans in repayment (£) | 25,701 | 313,707 | 1,385,946 | 2,917,075 | 5,651,975 | 7,544,814 | 10,173,385 | 7,995,161 | 2,178,051 | 38,185,816 |
Defaults & Recoveries
| Loan origination Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total |
|---|---|---|---|---|---|---|---|---|---|---|
| Defaults (£) | 65,959 | 352,261 | 450,406 | 552,334 | 1,252,769 | 1,221,952 | 1,749,352 | 348,253 | 0 | 5,993,285 |
| Recoveries from previous default situations (£)7 | 49,619 | 218,215 | 97,269 | 89,045 | 112,047 | 146,152 | 38,113 | 524 | 0 | 750,985 |
| Written-Off loan amounts (£) | 0 | 23,969 | 4,489 | 0 | 0 | 0 | 0 | 0 | 0 | 28,459 |
Recovery rate 8
| 75% |
62% |
22% |
16% |
9% |
12% |
2% |
0% |
0% |
13% |
|
Loan amounts in default by Origination Year and Default Year
| Loan Origination Year ↓ * | Default Year → | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | 0 | 0 | 47,217 | 0 | 0 | 4,419 | 14,322 | 0 | 0 | 65,959 | |
| 2019 | 0 | 0 | 23,100 | 266,049 | 22,672 | 15,636 | 10,130 | 11,003 | 3,670 | 352,261 | |
| 2020 | 0 | 0 | 3,040 | 21,631 | 67,024 | 81,648 | 144,857 | 122,585 | 9,622 | 450,406 | |
| 2021 | 0 | 0 | 0 | 0 | 0 | 88,159 | 104,288 | 207,780 | 84,408 | 484,635 | |
| 2022 | 0 | 0 | 0 | 0 | 3,718 | 246,593 | 569,688 | 339,957 | 92,813 | 1,252,769 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 119,328 | 891,809 | 210,815 | 1,221,952 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 457,586 | 1,359,465 | 1,817,051 | |
| 2025 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 348,253 | 348,253 | |
| 2026 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total | 0 | 0 | 73,357 | 287,680 | 93,414 | 436,455 | 962,613 | 2,030,719 | 2,109,047 | 5,993,285 |
Loan Amounts Recovered by Origination Year and Recovery Year
| Loan Origination Year ↓ * | Recovery Year → | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | 0 | 0 | 1,040 | 7,100 | 7,025 | 10,240 | 6,642 | 7,261 | 10,311 | 49,619 | |
| 2019 | 0 | 0 | 1,213 | 26,435 | 67,107 | 56,362 | 33,358 | 18,308 | 15,433 | 218,215 | |
| 2020 | 0 | 0 | 0 | 587 | 8,598 | 15,823 | 21,628 | 27,245 | 23,387 | 97,269 | |
| 2021 | 0 | 0 | 0 | 0 | 0 | 12,633 | 13,170 | 21,983 | 40,359 | 88,145 | |
| 2022 | 0 | 0 | 0 | 0 | 4,725 | 8,291 | 20,076 | 43,608 | 35,348 | 112,047 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 2,198 | 85,837 | 58,117 | 146,152 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,403 | 33,610 | 39,013 | |
| 2025 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 524 | 524 | |
| 2026 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total | 0 | 0 | 2,253 | 34,122 | 87,454 | 103,349 | 97,072 | 209,645 | 217,090 | 750,985 |
Loan Amounts Recovered by Recovery Year and Default Year
| Recovery Year ↓ * | Default Year → | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2019 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2020 | 0 | 0 | 2,253 | 0 | 0 | 0 | 0 | 0 | 0 | 2,253 | |
| 2021 | 0 | 0 | 11,071 | 23,050 | 0 | 0 | 0 | 0 | 0 | 34,122 | |
| 2022 | 0 | 0 | 11,600 | 65,438 | 10,416 | 0 | 0 | 0 | 0 | 87,454 | |
| 2023 | 0 | 0 | 12,212 | 52,730 | 11,863 | 26,544 | 0 | 0 | 0 | 103,349 | |
| 2024 | 0 | 0 | 6,654 | 30,770 | 14,894 | 26,435 | 18,318 | 0 | 0 | 97,072 | |
| 2025 | 0 | 0 | 6,607 | 18,369 | 10,032 | 15,653 | 49,067 | 109,917 | 0 | 209,645 | |
| 2026 | 0 | 0 | 9,571 | 10,761 | 7,378 | 5,760 | 50,586 | 93,470 | 39,564 | 217,090 | |
| Total | 0 | 0 | 59,969 | 201,119 | 54,582 | 74,392 | 117,971 | 203,387 | 39,564 | 750,985 |
*All amounts are in GBP
Loan portfolio status breakdown
All time
Total loans funded: £91,917,858
Loan portfolio status breakdown by vintage
2018
Total loans funded: £295,133
2021
Total loans funded: £10,078,010
2024
Total loans funded: £14,275,900
2019
Total loans funded: £2,811,435
2022
Total loans funded: £14,409,150
2025
Total loans funded: £16,420,210
2020
Total loans funded: £6,997,360
2023
Total loans funded: £14,525,690
2026
Total loans funded: £12,104,970
** Net Defaults is total defaults minus total recoveries
View our Outcomes Statements
Risk Warnings
Remember, past performance is not a reliable indicator of future results. And forecasts are not a reliable indicator of future performance.
Investors on Lendwise are not covered by the Financial Services Compensation Scheme.
Independent advice
We recommend that you seek independent financial advice if you are in any doubt as to whether lending via Lendwise is suitable for you.
Definitions of arrears and defaults
1Excludes all loans with an arrears balance of less than £1 and loans considered in default.
2Current Balance (Principal & Interest) of loans that have been originated on the Lendwise platform which are outstanding and which are not considered to be in arrears or in default.
3A loan is considered to be in ‘Arrears’, where the relevant borrower of the loan is overdue on any amount in one or more instalment payments. The amount of arrears is the total outstanding amount of the loan.
4A loan in default is considered to be any loan that has been in arrears for more than 90 days or a loan in arrears for less than 90 days where we have information to believe that there is no reasonable expectation that the borrower is going to repay the loan on the original loan repayment date and/or terms. As a result, this category can include loans where repayments are still being made and are in the process of clearing their arrears. Such loans will be reflected in the corresponding recovery data row. The amount includes any portion of the loan that has not yet been repaid and/or all costs incurred by the lender in relation to the enforcement of a defaulted loan, where such costs are not recovered in full from the relevant borrower.
5The loan information displayed relates to that calendar year (from January to December) as shown in each column.
6“Currently in Default” represent total amounts lent in that calendar year currently in default.
7“Recoveries” represents those amounts of loans which we previously classified to be in default but were since recovered.
8“Recovery rate” represents the proportion of loans which are recovered, having previously been classified to be in default.
