X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Peer to Peer Lending

    P2P investment via your ISA (or NISA)

    UK Govt, Budget 2014 Wrote:To further increase the choice that ISA savers have about how they invest, ISA eligibility
    will be extended to peer-to-peer loans, and all restrictions around the maturity dates
    of securities held within ISAs will be removed. The government will also explore extending
    the ISA regime to include debt securities offered by crowdfunding platforms.

    CEO of Zopa, Giles Andrews Wrote:Peer-to-peer ISAs are the most exciting thing to happen to the industry since Zopa launched back in 2005. This is a game changing moment for all savers. With ISA inclusion now a reality, we expect to see thousands of people transferring their existing ISAs over to Zopa once we launch them. Peer-to-peer ISAs will help provide a high tax free return and bring consumer savings back to life, even better to know is that all lending is covered by our Safeguard fund, so you can earn high returns and feel safe that your money is protected

    CEO of Ratesetter, Rhydian Lewis Wrote:We welcome today’s news that ISA eligibility will be extended to peer-to-peer loans. The government is clearly acknowledging that something must be done to breath fresh life into this failing sector as one of the poorest ISA seasons on record comes to a close. Research has shown that a third of savers would consider P2P ISAs (*Peer-to-Peer Isa Survey, Populus, compiled January 2014)., so this news could truly reinvigorate the ISA sector. The change has the potential to give cash-strapped retirees and young people struggling to get on the property ladder the return on their savings investments that they really need.

    (NISA = New Individual Savings Account)

    the Government intends to allow p2p loans to be held within a NISA and will consult on how to implement this later this year. The Government will also explore extending NISA eligibility to debt securities offered via crowdfunding platforms.

    The good news for Landlords as Zopa and the like are great but this shall include companies like the Sponsor of Property Tribes Assetz Capital, with inovative products such as their 'lend to let' loan.

    The Financial Conduct Authority is set to take regulatory responsibility for the P2P sector in April - a move that will legitimise products that are already used by hundreds of thousands of people in the UK.

    According to data from Funding Circle, 41% of investors said they would invest more in peer-to-peer lending if it was included within Isas; while one in ten people said they would transfer their existing stocks and shares into peer-to-peer lending.

    No date set yet for NISA into P2P, this is a pre-announcement of an announcement.

    Source: P2P-Banking.com
    0
    0

    THIS PROPERTY TRIBES ACCOUNT IS NO LONGER USED. DO NOT SEND PRIVATE MESSAGES.

    YOU CAN REACH ME AT BESPOKE FINANCE for HMO Mortgages, Cheap Life Insurance and Limited Company Buy-to-Let on 08009202001

    Great share Adam.

    This is exciting news for the P2P industry!
    0
    0

    A quote from Stuart Law on another P2P thread:

    "With our current 12.7% return per annum and the new £15k contribution level it would only take 18 years to amass a £1m sum tax free".

    :0

    View our new in-depth article on P2P Lending >>> here.
    0
    0

    [Image: 4995468760_6be86655d4_t.jpg]
    general operations director, site owner and moderator - propertytribes.com


    One big issue, none of my ISA providers will let me transfer out part of an ISA. So how do I spread risk between the different P2P companies and a range of investments?

    (Also the current return levels of 12% will reduce as more people start to lend.)
    0
    0

    I think you will be able to have mutiple NISAs that add up to £15k, to be seen Ian. That will allow diversification across platforms as we are expecting the P2P platforms to manage the p2p ISA wrapper but it may turn out ISA providers let you integrate with multiple lending platforms and if so you will only need one NISA

    All to be seen.
    0
    0

    That’s Stuart,

    The issue is also fund that we already have in ISAs, not just new funds.
    0
    0
    Yes but i suspect old money in ISAs cannot be used without withdrawing it and making a current year contribution (capped to 15k) to a new NISA.

    It doesn't matter to the government or p2p platforms as new money this year will be £60bn plus and a fraction of that is more than the loan origination capability of the sector. It matter to lenders who have old ISAs and would want to move it all over to p2p and that will be limited to £15k i suspect.
    0
    0