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Authorised & Regulated by the FCA (UK) 782496

Loan Volumes and Amounts Paid to Investors Sep-23 Oct-23 Nov-23 Dec-23 Jan-24
Aggregate loans issued from inception to date (£) 45,332,088 47,244,488 48,343,828 49,066,828 51,354,668
Aggregate principal paid from inception to date (£) 13,021,391 13,881,680 14,583,223 15,091,681 15,933,338
Aggregate interest paid from inception to date (£) 3,283,322 3,477,616 3,653,758 3,824,442 4,066,734
Loan Analysis1 £ %
Loans outstanding – Current2 35,946,599 97.01
Loans outstanding – Arrears3 456,177 1.23
Loans outstanding – Default4 650,401 1.76
Total Loans Balance 37,053,177 100.00
Arrears Analysis – Loan Balances1 £ %
Less than 30 days 300,626 65.90
Between 31 and 60 days 23,480 5.15
Between 61 and 90 days 132,072 28.95
Total Loans in Arrears 456,177 100.00
Arrears Analysis – Actual Amounts Overdue1 £ %
Less than 30 days 9,219 54.42
Between 31 and 60 days 1,901 11.22
Between 61 and 90 days 5,822 34.36
Total Amounts Overdue 16,941 100.00

Vintage Analysis1,5

Loan Origination Year 2018 2019 2020 2021 2022 2023 2024 Total
Total loans issued in year (£) 295,133 2,811,435 6,997,360 10,078,010 14,409,150 14,525,690 2,237,890 51,354,668
Total principal paid from loans issued in the year (£) 234,426 1,987,346 4,090,621 4,511,585 4,190,336 875,985 43,038 15,933,338
Total interest paid from loans issued in the year (£) 66,902 579,400 1,198,820 1,184,179 789,063 247,123 1,247 4,066,734
Loan balances by year of issue – Total (£) 76,435 967,361 3,188,310 5,820,050 10,814,626 13,990,204 2,196,191 37,053,177
Loan balances by year of issue – Current (£) 48,850 784,181 3,036,273 5,738,687 10,234,989 13,907,428 2,196,191 35,946,599
Loan balances by year of issue – Arrears (£) 2,080 11,538 9,911 9,032 343,910 79,706 0 456,177
Loan balances by year of issue – Default (£) 25,505 171,642 142,126 72,331 235,727 3,070 0 650,401
Initial loan amount by year of issue – Loans in repayment (£) 295,133 2,811,435 6,997,360 10,078,010 12,667,940 5,767,480 486,000 39,103,358
Loan balances by year of issue – Loans in repayment (£) 76,435 967,361 3,188,310 5,820,050 9,719,589 5,145,107 480,377 25,397,229

Defaults & Recoveries

Loan origination Year 2018 2019 2020 2021 2022 2023 2024 Total
Defaults (£) 51,636 327,458 173,342 88,159 250,311 3,132 0 894,038
Recoveries from previous default situations (£)7 26,132 155,815 31,216 15,827 14,584 62 0 243,637
Written-Off loan amounts 0 23,969 0 0 0 0 0 23,969
Recovery rate (%)8 50.61 47.58 18.01 17.95 5.83 1.99 0 27.25

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.

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