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LandlordInvest attracts more than GBP2 million Innovative Finance ISA subscriptions

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LandlordInvest.com, a fully FCA authorised peer-to-peer (P2P) lending platform has attracted more than GBP2 million in subscriptions for its property-backed Innovative Finance ISA (IFISA) with an average subscription per ISA account of GBP11,669.

This includes more than half million ISA subscriptions that were transferred in from mainly Cash or Stocks & Shares ISAs, evidencing investors growing appetite for the new tax-free wrapper which enables investors earn up to 12.3 per cent per annum.
 
Filip Karadaghi, LandlordInvest’s Managing Director, says: “We have widely surpassed our own forecasts and attracted substantially more ISA subscriptions than expected. Such impressive results are testament to the benefits that investors recognise in our property-backed IFISA: the potential to earn higher and inflation beating returns than offered by Cash ISAs, and without exposure to or correlation with the volatile stock markets as with Stocks & Shares ISAs.
 
“We are looking to maintain this rate of progress in the coming years, by continuing innovating the alternative finance and ISA industry and developing our position as one of the leading providers of the property-backed IFISAs.”

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