Octopus Choice is permanently closed for investment.

We have made the decision to permanently close Octopus Choice. See

Octopus Choice is permanently closed for investment.

The Octopus Choice platform will close on 31st May 2022 after returning money to investors.

Using peer-to-peer technology, Octopus Choice puts investors’ money to work by lending it out to lots of different borrowers, with each loan secured against property. We use their interest payments to offer investors a great target interest rate.

Risks to bear in mind

Capital at risk

The value of an investment, and any interest from it, can fall as well as rise. Investors could end up getting back less than they put in. Interest is not guaranteed.

Property market exposure

If borrowers fail to meet the loan repayment terms, the property can be sold, and the proceeds used to repay the loan. As a result, your investment could be adversely affected by a downturn in the property market.

Instant access isn’t guaranteed

Because investments are in loans backed by property, it could take time for us to sell your investment on.

No FSCS coverage

Peer-to-peer investments are not protected by the Financial Services Compensation Scheme.

How it works

Octopus Choice uses investors’ money to finance loans made by Octopus Real Estate. Peer-to-peer (P2P) technology matches money invested with loans that are available for investment. Each investor holds a portfolio of ten or more loans, with their investment funding a part of each loan. The return an investor makes is funded by the interest borrowers pay on those loans.

Performance

Amount investedTotal interest earned by investorsAverage interest rate [1]Amount withdrawn
2021£0m£8m6.15%£109.8m
2020£80.4m£9.3m4.22%£99.6m
2019 £164.4m£7.6m 4.06% £64.5m
2018 £113.7m£3.6m 4.19% £31.9m
2017 £57.8m£0.8m 4.51% £6.7m
2016£0.4m£05.69%£0

[1] Average rate of return investors received across all open loans for the period less any capital losses in the period. Details of capital losses can be found here.

Data shown is for each financial year running for 12 months from 1st of May to 30th April. Octopus Choice launched in January 2016, so we are not able to provide 12-month discrete periods prior to periods shown.

Fees and charges

From 18 March 2020 Octopus Choice no longer takes a management fee. This is instead passed on to investors who have earned an additional £4m of interest as a result.

Adviser charges

One-off fee on investments

If you provide your investor with one-off investment advice we can facilitate an initial fee.

Ongoing fees on investments

If you provide your investor with ongoing advice we can facilitate an initial fee and ongoing fees.

Key documents

Understanding the risks of Octopus ChoiceDownload
Underlying loans in Octopus ChoiceDownload
Octopus Choice Outcomes Statement 2021Download
Octopus Choice Outcomes Statement 2020Download
Octopus Choice Terms and ConditionsDownload
Octopus Choice Privacy and Cookie PolicyDownload

Contact our team

Got a question?
Call us at 0800 294 6848.