CROWDPROPERTY is launching its Innovative Finance ISA (IFISA) on Friday 23 February, offering target returns of eight per cent.
The peer-to-peer property lender said that the tax wrapper will be open to existing lenders, who can also transfer existing ISA funds into the platform’s IFISA. The company did not confirm when new investors will be able to access the product.
Read more: CrowdProperty raises £900,000 via Seedrs
“We offer carefully curated, secured lending opportunities to our retail lender base and we are very excited to be able to offer our lenders the opportunity to earn more on their money through an ISA tax wrapper,” said Simon Zutshi, founder and chief executive of CrowdProperty.
CrowdProperty offers their investors first charge on property development loans ranging in size between £200,000 and £2m.
It has funded more than £12m since launch in 2013 and has a database of over 6,000 registered users.
CrowdProperty is the latest P2P lender to launch its IFISA as we head into ISA season. For more on the tax wrapper set to revolutionise the industry, read our special feature in the February edition of the magazine.