Section 87(2) of the Road Traffic Act 1988 states "It is an offence for a person to cause or permit another person to drive on a road a motor vehicle of any class if that other person is not the holder of a licence authorising him to drive a motor vehicle of that class".
If convicted, a court would endorse your licence, with code LC24, with between 3 and 6 points, plus impose a fine.
Section 143(1), paragraph (b), of the same Act states "a person must not cause or permit any other person to use a motor vehicle on a road unless there is in force in relation to the use of the vehicle by that other person such a policy of insurance or such a security in respect of third party risks as complies with the requirements of this Part of this Act".
If convicted, a court would endorse your licence, with code IN14, with between 6 and 8 points, and impose a fine.
You should consult a solicitor. He/she may well be able to convince the court that you did not 'knowingly or recklessly' permit your boyfriend to break the law. If so, you might be acquitted. However, if you are convicted of these offences, it's likely that a total of 9 points would be placed on your licence. So, if your licence is currently clean, you might be able to avoid disqualification.
Chris