Property-Backed Is First Of New IFISA-Friendly P2P Loan Stream


The starting bell for the new tax year has hardly sounded, and the comparison sites are getting to grips with the crowdfunders offering peer-to-peer (P2P) loans in Innovative Finance Individual Savings Accounts (Innovative Finance ISAs, or IFISAs).

Some of the comparison sites have Money&Co. incorrectly described as offering only business loans. Well, we all make mistakes. Money&Co. offers business loans, secured against the assets of the borrowing company, and also property-backed loans. The current source of these property-backed loans is The effective loan-to-value of the offerings on our site so far is 64 per cent – which is a key reason why we have rated these loans as A+. There’s currently one on offer – but you have to login or register to see it, as it’s in the wider list of auction offers, sitting behind the Home page. There will be other streams of lending coming on site soon. Meanwhile, here’s a reminder of the current state of play.


New Tax Year ISA Opportunity

The ISA allowance for 2017/18 is increased from last tax year to £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. To get that return, a pair of higher-rate tax payers would have to find a gross yield of well over 12 per cent.

According to Moneyfacts, a comparison site, the best fixed-rate cash ISAs (and they tie up money for two years) offer 1.2 per cent…

But, in Nicola’s own words: “As with any investment, there are risks involved. We always take security for our loans, but it is still possible to lose money. Some of our loans carry more risk than others and we give them ratings of A+, A, B+, B and C+ to reflect how risky we believe that an individual loan is. The new loans that are currently on the site are rated A+ or A reflecting the quality of the security that has been given by the borrowers.”

See also our News items on security, access and yield – all to be mulled ahead of an investment.


If you haven’t made a loan via Money&Co. before, please read the risk warnings and the FAQ section. You may also wish to consult a financial adviser before making an investment.


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Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.