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Peer2Peer Finance News | October 20, 2018

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Innovative Finance Isa

IFISA providers call for tailored HMRC submissions process

October 8, 2018 |

INNOVATIVE Finance ISA (IFISA) providers have called for a simplified HMRC submissions process that is more tailored to the tax wrapper, after the taxman revealed that last year’s data was incomplete.

Peer-to-peer lending platforms and other providers of debt-based securities … Read More

RateSetter celebrates eighth birthday

October 5, 2018 |

RATESETTER is celebrating its eighth birthday this weekend, having originated more than £2.7bn in loans since it launched in 2010.

The peer-to-peer lending platform has garnered more than half a million customers in eight years and generated more than £110m … Read More

Government urged to push ‘positive’ IFISA investing benefits

September 26, 2018 |

IMPACT investing platform Lendahand Ethex is calling for more promotion of the Innovative Finance ISA (IFISA) as a means of getting more women involved with positive investing.

It comes as research by Ethex – ahead of Good Money Week starting … Read More

The House Crowd opens IFISA to transfers

September 12, 2018 |

THE HOUSE Crowd has opened its Innovative Finance ISA (IFISA) for transfers.

There are no transfer fees but the minimum amount that can be moved is £5,000.

Investors can earn seven per cent a year by lending through the peer-to-peer … Read More

Welendus launches IFISA offering 15 per cent returns

September 6, 2018 |

WELENDUS is the latest peer-to-peer platform to launch an Innovative Finance ISA (IFISA).

The short-term P2P lender is offering investors tax-free annual returns of up to 15 per cent within the product.

Investors are matched with a range of loans … Read More

CrowdProperty doubles lending as loanbook hits £20m

September 6, 2018 |

CROWDPROPERTY’S loanbook has passed the £20m milestone, doubling its lending since raising almost £1m through crowdfunding to expand the business last year.

The peer-to-peer property lender funded its 47th project this week, taking its loanbook to £20.56m, backing the development … Read More

Lendy widens access to wealth product ahead of IFISA launch

September 3, 2018 |

THE MINIMUM investment on the Lendy Wealth account has been cut from £50,000 to £10,000 just weeks after launch, as the peer-to-peer property platform prepares to launch its Innovative Finance ISA (IFISA).

The move had prompted investor queries over the … Read More

P2P marketing clampdown ‘may restrict IFISA takeup’

August 31, 2018 |

THE FINANCIAL Conduct Authority’s regulatory clampdown on the peer-to-peer sector risks restricting growth of the Innovative Finance ISA (IFISA), according to Assetz Capital’s chief executive.

Stuart Law, who heads up the business P2P lender, warned that the strong take-up of … Read More

P2P lenders record £300m intake in second year of the IFISA

August 31, 2018 |

ALMOST £300m was invested across Innovative Finance ISAs (IFISA) in the previous tax year, HMRC data reveals.

The latest ISA statistics from the taxman shows £290m of subscriptions in IFISA for the 2017/2018 tax year across 31,000 accounts.

P2P lenders … Read More

Assetz Capital sees £50m IFISA boost

August 15, 2018 |

ASSETZ Capital has received a £50m boost from its Innovative Finance ISA (IFISA).

The peer-to-peer business lender revealed £50m has been invested into tax wrapper since its launch at the beginning of the year.

Stuart Law, chief executive of Assetz … Read More