Property based p2p lending marketplace Proplend will launch its IFISA offer on May 30th at 9am. Initially the IFISA product will only be made available to those existing investors that had signed up to Proplend until May 26th. The new IFISA investors will have the same choice of loans secured by income producing UK commercial property and the same 1,000 GBP minimum investment opportunities as non-ISA investors. Depending on selected tranche, which differ by LTV, the interest rates range from 6.3% to 9.3%. The Proplend IF ISA will be flexible and allow tranfers in and out.
Since launching in 2014 Proplend has facilitated 11.7 million GBP in loans and has experienced no defaults so far.
There are currently 19 providers listed on the P2P-Banking IFISA comparison table.