Following FCA approval, Proplend launched its Innovative Finance ISA (IFISA) in May 2017. Adopting new ISA flexibility rules from outset, the IFISA was initially made available to existing customers only before being opened up to new customers two months later.
The platform’s P2P loan investments and attractive fixed income returns are available tax free when purchased through a Proplend IFISA. ISA ‘Lenders’ get access to the same choice of three LTV-based investment ‘Tranches’, the same choice of loans secured by income producing UK commercial property and the same £1,000 minimum investment opportunities as non-ISA investors.
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