Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
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Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
LandlordInvest Limited ('LandlordInvest' or the 'Company')
LandlordInvest.com, a fully FCA authorised peer-to-peer lending platform and a HM Revenue & Customs approved ISA manager publishes first statistics for its recently launched property-backed Innovative Finance ISA (“IFISA”) product. It is the first ISA manager that offers the new IFISA to release such detailed statistics.
The findings show that:
Average funds deposited* in an IFISA account is £2,404 vs £1,945 in Classic account, an average difference of £459 or 19.1%.
IFISA investors are also more active than Classic account investors: 67.9% of IFISA of investors have made at least one investment**, whilst 16.8% of Classic account investors have made at least one investment**, a 51.1% percentage difference.
IFISA investors are more spread out throughout the UK: 32.0% of Classic account investors are London based, whilst only 21.4% of IFISA account investors are London based, a 10.6% percentage difference.
* Based on accounts with at least one deposit as of 10 February 2017
** Made a commitment into a loan as of 10 February 2017
Average funds deposited | Account holders that made at least one investment | London based | |
IFISA account | £2,404 | 67.9% | 21.4% |
Classic account | £1,945 | 16.8% | 32.0% |
Difference | £459 | 51.1% | 10.6% |
Source: LandlordInvest statistics
Joe Vallender, LandlordInvest’s Chief Technology Officer: “It probably does not come as a surprise that our IFISA investors are both more active and tend to invest more than our Classic account investors, taking an advantage of earning tax-free income. We believe that this trend is likely to continue given that the current tax years is soon coming to an end and more savers will look to allocate their portfolios into tax-efficient products, including the new Innovative Finance ISA.
We have ramped up our capabilities to accept an influx of savers looking to invest into our property-backed IFISA and will also shortly looking to make our ISA flexible, giving savers more freedom to replace withdrawn cash .”
- Ends –
LandlordInvest Limited
Filip Karadaghi, Chief Executive
Tel: +44 (0)207 406 1491
[email protected]
Joe Vallender, Chief Technology Officer
Tel: +44 (0)207 406 1491
[email protected]
What is LandlordInvest Limited?
LandlordInvest is a fully FCA authorised secured peer-to-peer lending platform within the fast growing peer-to-peer lending industry. It is an ISA manager, offering savers a property-backed Innovative Finance ISA. We provide a marketplace where lenders can earn higher returns, than lending through other peer-to-peer lending platforms, by lending to borrowers that have difficulties obtaining financing from high street lenders. Secured lending means that all our loans are always secured by property.
Our customers are:
Borrowers - professional landlords that are looking to borrow £30,000-£750,000 up to 5 years on a buy-to-let basis. They would also be able to raise short-term financing, bridging loans with a maximum term of 18 months.
Lenders - Anyone that has at least £100 to lend will be able lend. We aim to offer lenders risk adjusted returns between 5%-12% per annum.
