Landbay becomes the latest in a string of P2P lenders planning to launch an IFIsa product, with Folk2Folk and LandlordInvest also receiving the relevant permissions within the past five weeks.
The news comes less than a month after the firm received full authorisation for P2P lending from the Financial Conduct Authority.
John Goodall, CEO at Landbay, said: “With all the relevant regulatory pieces in place, we are one step closer to offering our investors the opportunity to lend on prime residential property in a tax-efficient manner.
“Our operations and technology teams are now focused on delivery of our property-backed Isa, which we will launch next month.
“This is a fantastic opportunity for current and future investors, both this tax year and beyond, with the Isa allowance rising to £20,000 in April and further in line with inflation in years to come.”
Landbay hopes to launch the new IFIsa before the end of the 2016/17 tax year.
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