Assetz Capital has launched an ISA wrapper on its Manual Lending Account (MLA). This is the final investment account to be included in the Assetz Capital ISA and means that all accounts are now available for investment.
Users can invest up to GBP20,000 tax-free on the platform each year, and also transfer in any prior years’ investment, in part or in full from other ISA providers.
Stuart Law, CEO at Assetz Capital, says: “Since the very start of our ISA planning we have been determined to include the manual lending option. Technically it has been a challenge, but we’ve delivered a brilliant product that will cater for our long-term, sophisticated investors. This is the account that we launched our platform with many years ago.
“While some other platforms have phased out manual lending, we have always said that it must remain an option for our investors. It’s one of the reasons we retain so many early peer-to-peer adopters on our platform. This is peer-to-peer lending at its purest and it remains a key part of our business strategy and we expect to bring further improvements to how the MLA works in due course.
“Many investors tell us that manually picking loans is part of the enjoyment that they get from peer-to-peer lending and is akin to stock picking in the stock market. It’s very appealing to those who enjoy reading a credit report and forming a personal view on whether they wish to support the business and by how much.”