Peer To Peer Investing
Investment Opportunities To Lend To British Businesses & UK Property Projects
Latest ISA Offer
Target Rate 7.28% pa
EasyMoney UK Property Backed ISA
- Tax Free ISA
- Interest Paid Monthly
- Minimum £10,000
- Ask To Withdraw At Any Time
- Backed By UK Property
- Investor Support Hotline
- Transfer In Existing ISA
Open an ISA account with one of Europe’s most trusted brandsCAPITAL AT RISK
- Available for ISA, ISA transfer & direct investment
- Minimum investment £10
- Manage your account online
- Capital is at risk and returns may be higher or lower
- Must be aged 18 or older
- Peer to peer lending is not covered by the FSCS
Peer to Peer Investing
Peer to peer lending, also known as P2P lending, is way in which savers can lend money directly to borrowers, getting rid of the middle man and potentially benefiting from a better interest return on their investment.
There are a range of different Peer to Peer Lending Platforms that offer Innovative Finance ISAs that allow you to lend to borrowers, so it is wise to shop around and consider which is best for you.
There is a risk with peer to peer back lending that you will get back less than you originally invested and peer-to-peer lending is not currently protected by the Financial Services Compensation Scheme.
You can put money in Peer to Peer investments either directly (outside of an ISA) or within an Innovative Finance ISA (IF ISA).
How the Innovative Finance ISA works
The ISA allows individuals to get tax-free returns on their investments in Financial Conduct Authority regulated and approved P2P lending platforms, which are typically available online, these platforms allow you to invest in various types of borrower seeking various loan types such as; personal loans, business loans and property loans.
The Innovative Finance ISA is its own distinct category of ISA, meaning savers can open other types of ISA as well such as a Cash ISA or Investment ISA; however it is important to remember to break up your allowance between the accounts so you do not exceed it.
In order to be eligible for an Innovative finance ISA you need to be:
- Aged 18 years or over
- A UK resident and tax payer