BUDGET: No room for P2P Lending in ISAs – at least not yet!

One of the surprises in this year’s Budget was the inclusion of a Help-to-Buy ISA to support people to get on to the property ladder. The P2P sector was waiting with bated breath over the possibility of investments in P2P loans being included in a new lending ISA or LISA. Whilst this has not yet materialised, the government has at least announced that their response to a consultation on the subject will be made this summer, together with a further consultation on the inclusion of crowdfunding, as well as P2P. The alternative finance sector is growing at some pace and the inclusion of P2P, whether in a separate ISA wrapper or not, will greatly endorse a sector that is helping to fill the current funding gap to individuals and businesses.

– Louis Mathers, Director of Folk2Folk