Innovative Finance ISA

73henny · 09-13-2018, 02:49 PM

Have a few quid I'd like to invest (or pay down mortgage). Anyone got into an innovative ISA? Quite fancy it but information seems a little vague.
Interested in thoughts or experiences, good or bad.

Kiddy1 · 09-13-2018, 03:42 PM

A totally useless reply from me... why not your ‘standard’ stocks & shares ISA?

73henny · 09-13-2018, 05:55 PM

Quote:

Originally Posted by Kiddy1

A totally useless reply from me... why not your ‘standard’ stocks & shares ISA?

Because the returns look more attractive. I have a S&S isa so could up the payments into that.

Quote:

Originally Posted by LobB

I'd get debt paid down first

Yes could do that. But the returns with even the lower end of expectations are still more than the interest rate on my mortgage.

robbiep · 09-14-2018, 01:51 PM

I've got 10k in a fundingcircle IFISA.

It's doing OK. About 6.5% annual rate so far.

You will get some bad debt, but they spread your funds around pretty well to mitigate any risk.

09-13-2018, 02:49 PM	#1
73henny Lieutenant Colonel 501 Rep 1,580 Posts Drives: a lovely new G20 320dx Join Date: Nov 2012 Location: Scotland iTrader: (0)	Innovative Finance ISA Have a few quid I'd like to invest (or pay down mortgage). Anyone got into an innovative ISA? Quite fancy it but information seems a little vague. Interested in thoughts or experiences, good or bad. __________________ G20 320dx. Every option except a tow bar '20 Subaru XV 2.0. Gone; F30 335dx, F30 330dx, F21 LCI 125d, F48 X1 20dx, F10 520d
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09-13-2018, 03:42 PM	#2
Kiddy1 Second Lieutenant 78 Rep 235 Posts Drives: F30 330d M-Sport Join Date: May 2016 Location: Newcastle upon Tyne iTrader: (0)	A totally useless reply from me... why not your ‘standard’ stocks & shares ISA?
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09-14-2018, 01:51 PM	#4
robbiep Brigadier General 1983 Rep 3,216 Posts Drives: VW e-Golf ! Join Date: Dec 2013 Location: North Wales, UK iTrader: (0)	I've got 10k in a fundingcircle IFISA. It's doing OK. About 6.5% annual rate so far. You will get some bad debt, but they spread your funds around pretty well to mitigate any risk.
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