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Over what kind of time period? 4.5% per annum would be low so I guess something shorter.
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Bit late but just to follow up I've done this. Just to try it out. Might do it again at some point but no plans at present.
Ratesetter - lent £1000 over 18 months. Got around 4% interest. No problems at all. Recently cashed it in.
Zopa - lent around £400 over about 2 years (couple of years back). Had a few late payers but all paid eventually and didn't require any action from me. Would be covered by bad debtor fund anyway if defaulted.Of the two I found Ratesetter better.
aggi
tallsam
@dicki
my mum has been doing peer to peer lending
first tranche £1500 returned 4.5% no problems with any defaults or whatnot
the peer to peer lender was also offering an isa at similar returns
stupidly enough i didn't ask which peer to peer lender