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Peer2Peer Finance News | September 18, 2019

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IFISA

IFISA market breaks £1bn barrier after Funding Circle confirms intake

September 3, 2019 |

THE INNOVATIVE Finance ISA (IFISA) market is officially worth more than £1bn, after Funding Circle confirmed that it has attracted £250m into its tax wrapper.

Earlier this year, the Tax Incentivised Savings Association (Tisa) told Peer2Peer Finance News that the … Read More

P2PFA members see IFISA value surge to over £500m

September 3, 2019 |

MORE than £588m was invested in Innovative Finance ISAs (IFISAs) offered by members of the Peer-to-Peer Finance Association (P2PFA) by the end of the second quarter of this year.

According to new data released by the P2PFA, as of 30 … Read More

Multi-platform IFISA provider readies for crowdfunding campaign

August 20, 2019 |

A NEW platform that will enable investors to put returns from multiple peer-to-peer lending platforms into one Innovative Finance ISA (IFISA) wrapper has launched a crowdfunding campaign.

MultiISA is looking to raise £110,000 on Crowdcube to finalise the development of its … Read More

Property investment firm Cogress launches IFISA

August 7, 2019 |

PROPERTY investment firm Cogress has launched an Innovative Finance ISA (IFISA), offering returns of up to 7.5 per cent.

The firm is launching three IFISA-eligible bonds, which are invested into property development projects across the UK. The bonds have a … Read More

Rising number of cash ISA providers blocking IFISA transfers

August 2, 2019 |

INVESTORS are being prevented from transferring money from investment ISAs into some cash ISAs, with experts warning that this could result in them taking unwanted risks.

Analysis from Moneyfacts shows that there are 55 fixed-rate cash ISA products, out of … Read More

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