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Peer2Peer Finance News | July 23, 2019

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IFISA

LendingCrowd offers £50 summer bonus on ISA transfers

July 18, 2019 |

LENDINGCROWD has launched a summer-long cashback scheme designed to encourage more ISA transfers.

Until 31 August, the peer-to-peer platform is offering £50 to every investor who transfers at least £5,000 into a LendingCrowd Innovative Finance ISA (IFISA) from another ISA … Read More

IFISA inflows set to hit £1bn milestone

July 1, 2019 |

The Innovative Finance ISA (IFISA) looks set  to become a billion-pound product, exclusive data reveals.

Figures provided to Peer2Peer Finance News from the Tax Incentivised Savings Association (Tisa) show the tax wrapper has been growing in popularity since a slow … Read More

One quarter of authorised managers are yet to launch an IFISA

June 14, 2019 |

ALMOST a quarter of HMRC-authorised Innovative Finance ISA (IFISA) managers do not offer the product.

Peer2Peer Finance News research has found that 93 firms are authorised by the taxman to offer an IFISA, but 22 of these firms are yet … Read More

The changing world of buy-to-let

June 7, 2019 |

The buy-to-let market is undergoing some big changes. Narinder Khattoare, chief executive of Kuflink, explains the opportunities and challenges that these changes present…

BUY-TO-LET (BTL) property has been a popular investment for decades. However, recent regulatory changes have threatened the … Read More

Growth Street hits investor milestone after IFISA launch

May 28, 2019 |

PEER-TO-PEER business lender Growth Street has announced that it has attracted more than 2,500 investors to its platform.

The firm, which launched an Innovative Finance ISA last week, has now lent out more than £96m to small- and medium-sized enterprises … Read More

Assetz Capital marks record month for IFISA inflows

May 24, 2019 |

ASSETZ Capital saw a record month of investor inflows into its Innovative Finance ISA (IFISA) during April.

The peer-to-peer business lender said that its tax wrapper attracted more than £13m last month, bringing its total IFISA investment up to £90m. … Read More

Growth Street launches IFISA

May 21, 2019 |

GROWTH Street has launched its Innovative Finance ISA (IFISA), which offers higher returns but less liquidity than its classic product.

The peer-to-peer business lender has informed its customers of the new tax wrapper and confirmed that it will offer a … Read More

Three upcoming IFISA launches to boost your tax-free savings

May 17, 2019 |

ISA SEASON may be a distant memory but there are still tax-wrapper product launches to look forward to in the coming weeks.

At least three peer-to-peer lenders are set to launch Innovative Finance ISAs (IFISA) in the near future, giving … Read More

Elfin Market to launch IFISA “within weeks”

May 3, 2019 |

NEW peer-to-peer consumer lender Elfin Market will begin offering an Innovative Finance ISA (IFISA) account “within weeks,” Peer2Peer Finance News has learned.

Elfin Market recently received ISA manager authorisation from HMRC and is now in the process of rolling out … Read More

Platforms report IFISA growth despite bad press

May 3, 2019 |

PEER-TO-PEER lenders have reported a rise in Innovative Finance ISA (IFISA) inflows this ISA season, although there are concerns that bad press in the lead-up to the end of the tax year dampened investor demand.

Industry figures have suggested that … Read More