Sourced Capital

Sourced Capital is the trading name of Peer Funding Limited, a UK peer-to-peer property lending platform regulated by the FCA (FRN 668078) as an operator of an electronic system in relation to lending. Peer Funding received direct FCA authorisation on 1 February 2022; previously, Sourced Capital operated as an Appointed Representative of Rebuildingsociety.

So what: investments are high-risk, capital is at risk, and they are not covered by the FSCS. Direct FCA authorisation means Sourced Capital holds its own permissions and supervisory obligations.

Investors select property development projects on the platform; funds are lent to borrowers and lenders earn interest until repayment at project completion, after which they can reinvest or withdraw. The firm states loans are asset-backed by UK property with staged disbursements monitored on many projects.

These are loans to property developers, typically described as short-term (commonly 6–18 months). They are illiquid — investors should expect to hold to term unless a buyer is available on the limited IFISA transfer marketplace.

Property development loans, an IFISA wrapper and pension-eligible options (SIPP/SSAS). The firm advertises Auto-Invest tiers: Classic (£250 minimum), Plus (£15,000) and Premier (£75,000), and states investors pay no direct fees (revenue is derived from borrowers).

Marketing materials reference targeted returns up to c.12%. These are targets, not guarantees — actual outcomes depend on borrower repayment and successful project completion.

Primarily marketed to sophisticated, high-net-worth, corporate and institutional investors, with Auto-Invest entry points accessible from lower minimums. Suited to investors who accept illiquidity, credit risk and the possibility of capital loss in exchange for higher target returns and tax-efficient wrappers where eligible.

Not suitable for capital-preservation or emergency-fund money.

Direct FCA authorisation (FRN 668078) and a no-investor-fee model are positives, and the firm reports no investor capital losses to date — but that is a firm claim and independent verification is limited. Notably, Sourced Capital reportedly stopped providing data to 4thWay, reducing third-party scrutiny, and there are references to loans entering extended arrears with revised repayment schedules. Treat platform-reported AUM and track-record figures as platform-reported until independently corroborated, and remember there is no broad secondary market.