Property Partner Launches Property Development IFISA
Property-backed peer-to-peer (P2P) platform Property Partner has launched its first Innovative Finance ISA (IFISA).
The IFISA will allow investors to earn tax-free returns of up to ten per cent per annum, by helping to fund property development projects across the UK. ISA transfers are accepted, and there is a minimum investment threshold of £1,000.
“We’ve introduced the IFISA wrapper to enable our investors to maximise returns from the increasing number of loan opportunities we are bringing to our platform,” said Marshall King, chief executive of Property Partner.
“It further broadens our appeal to active investors seeking strong returns from property backed investment opportunities.”
The platform currently offers two ISA-eligible loans. A Surrey-based property development site is offering 9.87 per cent in interest with a 15-month term time, while ten per cent interest is being offered on a Basildon property, with a 10-month term time.
More loans are expected to be listed on the platform in due course, and the platform has confirmed that all IFISA-eligible loans will be backed by UK-based properties.
Property Partner was founded in 2015, with a remit to help fuel growth in the UK’s property market while offering investors a competitive rate of return.
Since then, the platform has returned more than £4.6m in rental income to investors, and more than £29.6m in capital investments. The average annualised return to investors between 2015 and 2018 was 7.3 per cent.
Updated: Monday, March 4th, 2019