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Here at LandlordInvest we take a keen interest in data, whether it be financial, market trends, usage statistics. Today we take a look at some usage statistics from our Innovative Finance ISA (IFISA).
The IFISA account is proving very popular with 22.4% of our registered investors having already opened one.
An average IFISA investor has deposited £2,404 into their account, vs £1,945 for Classic accounts - nearly £500 more.
But it's how the demographics break down that offers a particularly interesting insight into the audience. 32% of our Classic accounts are registered to investors living in London, whereas only 21.4% of IFISA accounts are.
This attests to the IFISA's appeal amongst a broader profile of investor.
Our IFISA statistics are available here.
To find out more about our property-backed IFISA, please see our dedicated IFISA page available here.
Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. The information in this blog is correct at the time of posting.