30 Day Access Product
If you might need your money back on short notice this may be the product for you. You can earn an inflation busting 4% p.a.* and access your capital with just 30 days' notice*.
If you might need your money back on short notice this may be the product for you. You can earn an inflation busting 4% p.a.* and access your capital with just 30 days' notice*.
*Legal charge secured against UK property, however property values can go down as well as up so your capital is at risk and rates are also not guaranteed. Withdrawals may be restricted due to illiquidity. Not covered by the Financial Services Compensation Scheme (FSCS). Please read our full risk warning.
If you are keeping money to one side for a tax bill, or just want to invest short term with an attractive rate of interest and quick access to your funds, this peer to peer loan product could be right for you.
It works in a similar way to Auto-Invest but rather than keep that money invested for the length of the loan we would launch a crowdfunding campaign following completion of a loan so that the pool of money is recycled quickly, thus providing greater liquidity for investors.
There should be no need to wait for the loans to be repaid as your money should be replaced quickly by crowdfunded money. You just need to provide notice and we will return your capital within 30 days.*
*Not guaranteed. This is not a savings account. 30 day access is dependent upon continued receipt of further crowdfunding money. If further sufficient funding is not received, your money may be tied in for the full terms of the loans and will be subject to the normal risks associated with peer to peer lending. Withdrawals may be restricted to £25,000 to any one investor in any 30-day period if we receive numerous simultaneous requests. You must read full Terms and Conditions before investing.
| 30 Day Access | Auto-Invest | 3 Year IF ISA | |
|---|---|---|---|
| Purpose | To provide a better rate of interest than a bank for those who are investing for a short-term goal and may need capital returning within 30 days notice | To provide long term regular income and provide an opportunity to roll up and compound interest | To provide long term investment vehicle to build your nest egg in a tax-free wrapper income including the opportunity to roll up and compound interest |
| Size of Fund | May be restricted because the combined total of 30 day investments cannot exceed half of THC’s average monthly fund raise | Unlimited | £20,000 maximum per year for new investment but transfers from existing cash or shares ISAs are unlimited |
| Interest Rate | 4% p.a. | 7% p.a. | 7% p.a. tax free |
| Minimum Investment Period | 1 month | 12 months | 3 years from end of ISA tax year |
| Minimum Investment Amount | £5000 | £1000 | £1000 |
| Top up minimum | £1000 | £1000 | £1000 |
| Notice period | 30 days (subject to terms and conditions) | 30 days (subject to terms and conditions) | 3 months (subject to terms and conditions) |
| How are funds used | To make all types of peer to peer loans including bridging loans and development finance loans in accordance with our underwriting processes | To make all types of peer to peer loans including bridging loans and development finance loans in accordance with our underwriting processes | To make all types of peer to peer loans including bridging loans and development finance loans in accordance with our underwriting processes |
| Diversification | Likely to be spread only over 2-3 loans at most at any one time | Diversified over wide number of loans | Diversified over a wide number of loans |
| How funds are repaid | By crowdfunding out the loans and returning capital to the 30 Day Access Product before the loans are due to be repaid | By borrowers repaying the loans or, where possible, by replacing capital with further crowdfunded money | By borrowers repaying the loans or, where possible, by replacing capital with further crowdfunded money |
| Liquidity | By limiting the size of the fund to half our monthly average fund raise, we believe we should always be able to return investors capital when they give notice, however this is not guaranteed (see T&Cs). | If part of your funds is invested in a loan that is in default that portion of your money cannot be returned until borrower repays. If part of your fund is invested in a loan that is yet to reach redemption, we will attempt to transfer it to replacement P2P investors when you request a withdrawal, however this is not guaranteed (see T&Cs). | Once money is invested it cannot be withdrawn until after the end of the Minimum Investment Term. If part of your funds is invested in a loan that is in default that portion of your money cannot be returned until the borrower repays. If part of your fund is invested in a loan that is yet to reach redemption, we will attempt to transfer it to replacement P2P investors when you request a withdrawal, however this is not guaranteed (see T&Cs). |
| Restrictions on withdrawal | May be restricted to £25,000 per investor in any one month if we have an unusually large number of requests simultaneously | If loans are in default, then that portion of your money cannot be returned until borrower repays. If part of your fund is invested in a loan that is yet to reach redemption, we will attempt to transfer it to replacement P2P investors (rather than you having to wait until the end of the loan term), however this is not guaranteed (see T&Cs). | If loans are in default, then that portion of your money cannot be returned until borrower repays. If part of your fund is invested in a loan that is yet to reach redemption, we will attempt to transfer it to replacement P2P investors (rather than you having to wait until the end of the loan term), however this is not guaranteed (see T&Cs). |
| Interest payable | Interest is calculated daily and paid on April 30th/ Oct 30th each year. Interest due is pro-rated if sums are withdrawn | Interest is calculated daily and paid on April 30th/ Oct 30th each year. Interest due is pro-rated if sums are withdrawn | Interest is calculated daily and paid on April 30th/ Oct 30th each year. You can opt to roll up interest and keep it earning within the tax-free wrapper. Interest due is pro-rated if sums are withdrawn |
