P2P platform offers first property-backed IFISA

Able to invest up to £15,240

Victoria McKeever
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P2P platform offers first property-backed IFISA

Peer-to-peer (P2P) platform LandlordInvest has become the first provider to offer a property-backed Innovative Finance ISA (IFISA) after receiving HM Revenue & Customs approval as an ISA manager.

The property-backed IFISA will allow savers to invest up to £15,240 in the current tax year - rising to £20,000 next year -in P2P loans secured by residential property. According to LandlordInvest,...

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