Lenders funds are held by Lendy in a segregated client account with Barclays Bank Plc. In the unlikely event that Lendy fails or becomes insolvent, this segregation means that Lenders’ funds are separate to Lendy’s other assets and are only available for distribution back to Lenders (and not to any other creditors of Lendy).
Articles in this section
- Can I authorise someone to operate my Lendy account on my behalf?
- Do the interest rates take into account monthly compounding?
- Is there a schedule for processing cash deposits?
- Why is my account still not activated after already depositing funds?
- How do I sell loanparts?
- What is the pre-funding facility on my account?
- How can I make a withdrawal from my account?
- What do ‘Legal Charge’ and ‘Debenture’ mean?
- What happens to interest when I put a loanpart up for sale?
- How can I add new bank account details to my account?