London-based LandlordInvest facilitates investment in buy-to-let mortgages and bridging loans, with a minimum investment of £100 and risk-adjusted returns in the region 5-10%.
On Monday, the P2P platform unveiled that it has received full authorisation from the FCA after a two-year application process and is a matter of weeks from offering the IFISA.
“We are delighted to have reached this important milestone, ahead of many larger peer-to-peer lending platforms, that are still operating under an interim permission. Full FCA authorisation means that we have proved to the regulator that we are able to meet its high threshold standards and have the appropriate regulatory and operational infrastructure in place.”
Business lending platform, Folk2Folk, became the mid-week early morning news story, receiving its full FCA authorisation.
“This decision is significant as it makes us eligible to offer our IFISA before the end of this tax year. I think it speaks volumes about Folk2Folk as a business having gained its full FCA authorisation before ahead of many of the industry’s leading and larger platforms.”
CapitalStackers announced its full authorisation the same day as Folk2Folk – Wednesday 7th December – testament to the FCA’s broad capabilities, authorising multiple platforms in a single day.
By lending to property developers, retail investors can earn returns up to 20% p.a. The managing director of CapitalStackers exclaimed:
“Becoming an FCA-approved lender is a lengthy and rigorous process and gives investors that extra comfort – it is the icing on the cake.”