How does this change things for me, the investor?

To see information about, and make, new investments via the LendInvest platform, you will now need to confirm that you qualify to do so.

For individual investors:
After logging into your online account, you will be asked to select which type of investor you are. Some individual investors will also be asked to complete a short online assessment. Investors that complete the assessment successfully will be able to view information about new investments. The confirmation process should take no more than a couple of minutes to complete.

If you are able to confirm that you are eligible for future investments, you will be able to continue to use the platform just as before. If you are unable (or choose not) to confirm your eligibility for future investments, you will continue to have access to your online account but you will not be able to see new loans or make any further investments.

For corporate investors:
After logging into your online account, you will be asked to select which type of investor you are.

If you are able to confirm that you are eligible for future investments, you will be able to continue to use the platform just as before. If you are unable (or choose not) to confirm your eligibility for future investments, you will continue to have access to your online account but you will not be able to see new loans or make any further investments.

For all investors:
For new investments, we will hold your funds in a new bank account. This will not affect investors who send us funds by direct debit, but if you prefer to add funds to your online account via bank transfer you will need to change the bank details that you have on record for us. Our new bank account details are available in your online account. From 8 May 2017, any funds you attempt to transfer to our old bank account will be sent straight back to you. For existing investments, our old bank account will continue to operate just as before, but you will not be able to upload new funds to that account.