matt
Posts: 16 
Likes: 7
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IFISA
Nov 30, 2017 16:13:04 GMT
Post by matt on Nov 30, 2017 16:13:04 GMT
The article goes on to say....... Stuart Law appears to be unware of details of the Ablrate IFISA offering then! Edit: To be fair the above statement wasn't atributed to Stuart, so maybe just the usual journalistic license with the facts. Ablrate, Abundance, Capitalrise, Crowd for Angels, Crowdstacker, Crowd2Fund, Downing, Funding Secure, HNWLending, LandlordInvest, LendingCrowd, Property Crowd, Proplend, Rebuildingsociety, Relendex, UK Bond Network also offer self-select IFISAs according to this thread: p2pindependentforum.com/thread/7741/fca-authorised-ifisa-list
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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IFISA
Dec 1, 2017 22:10:53 GMT
Post by mikes1531 on Dec 1, 2017 22:10:53 GMT
The article goes on to say....... Stuart Law appears to be unware of details of the Ablrate IFISA offering then! Edit: To be fair the above statement wasn't atributed to Stuart, so maybe just the usual journalistic license with the facts. Ablrate, Abundance, Capitalrise, Crowd for Angels, Crowdstacker, Crowd2Fund, Downing, Funding Secure, HNWLending, LandlordInvest, LendingCrowd, Property Crowd, Proplend, Rebuildingsociety, Relendex, UK Bond Network also offer self-select IFISAs according to this thread: p2pindependentforum.com/thread/7741/fca-authorised-ifisa-listToday's email from AC included... The bolding in that quote is mine, and that word might be how AC justify ignoring all the platforms on the long list that matt reported. Are any of those platforms larger than AC?
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IFISA
Dec 3, 2017 23:36:56 GMT
Post by Ton ⓉⓞⓃ on Dec 3, 2017 23:36:56 GMT
There's no mention afaic see of selling and buying back to put in the IFISA? Have they found some way round that or is that detail more likely to emerge when you actually try to open/operate the account?
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david42
Member of DD Central
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Post by david42 on Dec 4, 2017 19:27:20 GMT
There's no mention afaic see of selling and buying back to put in the IFISA? Have they found some way round that or is that detail more likely to emerge when you actually try to open/operate the account? I cannot see what they need to tell us about transferring between accounts. They are not allowed to let you transfer your own loans between your ISA and non-ISA account. The way the Assetz market is structured, you would need to sell your loans from your non ISA account and wait in the queue to buy the loans in your ISA account.
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IFISAcava
Member of DD Central
Posts: 3,692
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IFISA
Dec 4, 2017 23:07:47 GMT
Post by IFISAcava on Dec 4, 2017 23:07:47 GMT
There's no mention afaic see of selling and buying back to put in the IFISA? Have they found some way round that or is that detail more likely to emerge when you actually try to open/operate the account? I cannot see what they need to tell us about transferring between accounts. They are not allowed to let you transfer your own loans between your ISA and non-ISA account. The way the Assetz market is structured, you would need to sell your loans from your non ISA account and wait in the queue to buy the loans in your ISA account. Exactly - for this one there is no way to buy a specific loan part. so just sell your funds in non-ISA account B, set the ISA account A to buy the same amount, and wait a few days or weeks. In any case, the MLIA isn't coming straight away, so you wont even be able to specify what loans to invest in, just which account. Even so, 7% tax free (GBBA/GEIA) beats the current 8.7% or so I get in the MLIA hands down.
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niceguy37
Member of DD Central
Posts: 504
Likes: 254
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IFISA
Dec 5, 2017 15:16:51 GMT
Post by niceguy37 on Dec 5, 2017 15:16:51 GMT
I cannot see what they need to tell us about transferring between accounts. They are not allowed to let you transfer your own loans between your ISA and non-ISA account. The way the Assetz market is structured, you would need to sell your loans from your non ISA account and wait in the queue to buy the loans in your ISA account. Exactly - for this one there is no way to buy a specific loan part. so just sell your funds in non-ISA account B, set the ISA account A to buy the same amount, and wait a few days or weeks. In any case, the MLIA isn't coming straight away, so you wont even be able to specify what loans to invest in, just which account. Even so, 7% tax free (GBBA/GEIA) beats the current 8.7% or so I get in the MLIA hands down. I wonder how long it will take to get £20K into a GBBA IFISA, bearing in mind the current rate of investment, and that there will probably be a large increase in demand once the IFISA is open.
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Steerpike
Member of DD Central
Posts: 1,977
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Post by Steerpike on Dec 5, 2017 15:51:13 GMT
It seems reasonable to expect GBBA2 at 5-6% to be launched shortly.
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trouble
Member of DD Central
Posts: 127
Likes: 97
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IFISA
Dec 5, 2017 17:03:53 GMT
Post by trouble on Dec 5, 2017 17:03:53 GMT
It seems reasonable to expect GBBA2 at 5-6% to be launched shortly. Especially as so few of the new loans can qualify for the 7%+PF paying GBBA, onwards and downwards 
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trouble
Member of DD Central
Posts: 127
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IFISA
Dec 5, 2017 17:09:07 GMT
Post by trouble on Dec 5, 2017 17:09:07 GMT
Exactly - for this one there is no way to buy a specific loan part. so just sell your funds in non-ISA account B, set the ISA account A to buy the same amount, and wait a few days or weeks. In any case, the MLIA isn't coming straight away, so you wont even be able to specify what loans to invest in, just which account. Even so, 7% tax free (GBBA/GEIA) beats the current 8.7% or so I get in the MLIA hands down. I wonder how long it will take to get £20K into a GBBA IFISA, bearing in mind the current rate of investment, and that there will probably be a large increase in demand once the IFISA is open. I'm presuming the IFISA is just another investment account in your own name, which invests where you direct it to e.g. GBBA, QAA sweep, MLIA (when it goes live) etc, in terms of the current GBBA I'm guessing with so few loans qualifying (rates too low) that £20k right now must take an age to invest. To qualify for current GBBA a loan has to pay 7%+ with the + being the contribution to the PF, think back in the day someone might have stated what the + needs to be as a minimum.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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IFISA
Dec 9, 2017 17:40:00 GMT
Post by littleoldlady on Dec 9, 2017 17:40:00 GMT
There's not much of Q4 left in which to launch.
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Post by chris on Dec 9, 2017 18:37:03 GMT
There's not much of Q4 left in which to launch. No there isn't. Coding was completed a couple of weeks ago, launch date is dependent on other factors around the marketing plan. It will go live in December but I'll let marketing broadcast the plan.
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treeman
Member of DD Central
Posts: 1,026
Likes: 557
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Post by treeman on Dec 19, 2017 11:47:26 GMT
IFISA is available now.
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IFISA
Dec 19, 2017 11:49:00 GMT
Post by Ton ⓉⓞⓃ on Dec 19, 2017 11:49:00 GMT
An IFISA button has just appeared on the tool bar at the top of the screen once logged in.
There's an "Accept" button for the ISA conditions but there's no equivalent "I don't accept".
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DeafEater
Member of DD Central
Extremely Moderate
Posts: 228
Likes: 304
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Post by DeafEater on Dec 19, 2017 11:57:40 GMT
Site has fallen over from the strain.
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IFISA
Dec 19, 2017 12:49:30 GMT
Post by swissbankers on Dec 19, 2017 12:49:30 GMT
Site is working fine. I have set mine up, very easy just needed NI number. There is a new tab for the IFISA, once in there it the same look and feel as the normal page. Just need to wait for GBBA series2 to be added tomorrow
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