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Landbay launches ISA
Following on from Lending Works last week, Landbay has launched their own Innovative Finance ISA. The ISA has a minimum investment of £5000, with a maximum of £15,240 (set by the government), raising to £20,000 next April. Lenders are able to transfer in ISAs from previous or current tax years.
Like the classic Landbay account there are no fees with the exception of a £50 transfer out fee, if lenders wish to transfer their ISA to another provider, and a £50 fee if lenders exceed their annual ISA allowance.
New customers can earn £50 cashback when they invest £5000 in the Landbay ISA.