Landbay open for business with new IFISA

28th February 2017
P2P
As the latest IFISA to hit the market, Landbay’s all-new ISA is one of the first of its kind that will allow UK investors to get tax-free returns on property-based P2P investments.[1]

Just a month after the lender became authorised by HMRC to offer ISAs, Landbay is offering a fixed-rate for five years with a 3.75% assumed rate on the basis that the interest is all reinvested over a 1-year period.[2]

Landbay CEO, John Goodall, said: “When the chancellor first announced the IFIsa would launch in April 2016, it was hailed as a victory for savers and investors alike.

“At a time when investors are facing record-low interest rates – and the prospect of rising inflation – our IFIsa gives people the opportunity to earn a 3.75% return in a tax-efficient manner by lending to one of the UK’s best-performing asset classes: buy-to-let.

 “This is a fantastic opportunity for investors both this tax year and next, when the Isa allowance rises to £20,000.”[3]


[1]http://good-with-money.com/2017/02/20/ifisas-now-you-can-invest-in-property-tax-free/
[2]https://www.crowdfundinsider.com/2017/02/96313-landbay-launches-property-backed-isa/
[3]http://bridgingandcommercial.co.uk/article-desc-11575_Landbay%20launches%20Innovative%20Finance%20Isa

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