investments

Beginner's Guide to Peer-to-Peer Lending in the UK

Peer review

Peer-to-Peer lending sites have grown phenomenally in recent years with sites such as Zopa and LendingWorks leading the way.

The concept is simple. Rather than leaving your cash to sit in low-interest savings accounts, you can lend it to creditworthy borrowers in the UK who are in search of more favourable terms than those offered by traditional lenders such as high street banks.

Often, you lend directly to individuals so the process is simplied and you pay less money in fees.

Passive Income through an Index Investing Portfolio

Don't be so quick to ignore this approach as it may seem boring but this is a topic I have written about extensively on Passive Income UK's sister site Index Investing.

You may not think investing is for you but look at it this way. If you can construct a collection of funds consisting of income paying share and bond indexes, you'll be able to generate your own passive income.