Image Image Image Image Image Image Image Image Image Image

Peer2Peer Finance News | August 19, 2019

Scroll to top



What is the Innovative Finance ISA (IFISA)?

The IFISA is a tax-free wrapper that allows UK investors to lend money through Financial Conduct Authority-authorised peer-to-peer lending platforms. They can receive interest and capital gains tax free, up to the current annual ISA limit of £20,000.

The product was first announced by then-Chancellor George Osborne in 2015. Consumers can invest in a cash ISA, a stocks and shares ISA or an IFISA, or a combination of the three.

IFISA providerType of loansMinimum investmentTarget rate of return
AblrateBusiness£10010-15 per cent
AbundanceGreen energyDepends on project fundedDepends on projects backed (2 per cent on cash)
ArchOverBusiness£1,000Up to 10 per cent
Assetz CapitalBusiness, property£14.1-6.25 per cent on auto-invest accounts, variable with manual lending
AzuriteMonaco property renovations£2,0008 per cent
Barbican GroupThree-year bond funding specialist care homes£2,000Up to 7 per cent
Basset & GoldAsset-backed£1,0006.12 per cent for one year and 6.7 per cent and 20.1 per cent for three years
CapitalRisePrime property£1,000Up to 14 per cent
Crowd2FundBusiness£1008.7 per cent
CrowdforAngelsCrowd bonds£100Up to 12 per cent
CrowdPropertyProperty£500Up to 8 per cent
CrowdstackerSecured businessDepends on loans fundedUp to 6.8 per cent
DowningCrowd bonds£1005.79 per cent
EasyMoneyProperty-backed£100Up to 7.28 per cent
Folk2FolkLocal and rural businesses£20,0006.5 per cent
Funding CircleBusiness£1,0005-7 per cent
FundingSecureProperty, asset-backed£25Up to 16 per cent
GojiDiversified lending bond£1,0005 per cent
Growth StreetBusiness£105.8 per cent
HNW LendingSecured by valuable assets£5,000Up to 15 per cent
Just ISALitigation funding£2,0008 per cent
KuflinkProperty£100Up to 7.2 per cent
LandbayBuy-to-let£5,0003.75 per cent
LandlordInvestBuy-to-let and bridgingDepends on loans fundedUp to 12 per cent
Lendahand Ethex – Energise Africa Solar projects in Sub-Saharan Africa£50Up to 6 per cent
LendingCrowdBusiness£1,0006 per cent
Lending WorksConsumer£103.8 per cent for three years and 4.5 per cent for five years
LoanpadProperty£104 to 5 per cent
Money&CoBusiness£1007 per cent
MoneyThingBusiness£1,000Up to 13 per cent
Octopus ChoiceProperty-backed£104 per cent
Property CrowdProperty£5,000Up to 10 per cent
Property PartnerProperty development loansDepends on loans fundedUp to 10 per cent
ProplendProperty£1,000Up to 12 per cent
RateSetterConsumer, business, property£10Up to 5.1 per cent but depends on market rates
RaptorMining projects£2,0008 per cent
RebuildingsocietyBusiness£109.7 per cent
RelendexProperty£500 for self-select, £2,500 for secured portfolioUp to 10 per cent
Shojin Property PartnersPropertyTypically £5,000Depends on product
The House CrowdProperty£1,0007 per cent
UK Bond NetworkCompany bonds£5,000Up to 12 per cent
WelendusShort-term loans£100Up to 15 per cent
ZopaConsumer£1,0004 per cent or 4.6 per cent