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Transferring your existing ISAs to LendingCrowd

Transferring your existing ISAs


Transferring your existing ISAs to LendingCrowd is easy. You can transfer Cash ISAs, Stocks & Shares ISAs and Innovative Finance ISAs to us to make your investment in the LendingCrowd Innovative Finance ISA.

You can make either full or partial transfers from ISAs opened in previous tax years, and full transfers from ISAs opened in the current tax year.

We will only accept cash transfers from your other ISAs. This means your ISA provider may have to liquidate any stocks or shares you hold prior to the transfer.

The minimum transfer value we will accept is £1,000.


Why should I transfer my ISAs?

As we looked at in a recent blog post, it’s important to check any existing ISAs you have to ensure you’re getting the best rates available. If you decide to transfer your ISAs, a provider-to-provider transfer will protect the tax benefits of the funds – withdrawing the cash and paying it in somewhere else may mean that the tax-free status is lost.


How do I transfer my ISAs?

Transferring your existing ISAs to LendingCrowd – just follow the process below:

  1. Create your LendingCrowd Investor Account and open your IFISA through the My Accounts page
  2. Download and complete the ISA Transfer In Authority form
  3. Return the form to us by post
  4. We’ll complete the transfer with your existing ISA provider


What happens when my transfer is completed?

Once your transfer has been processed, your funds will be added to your LendingCrowd IFISA. They will then be automatically invested in loans through our Loan Market. Your money will always be spread across at least 20 loans with no more than 5% of your funds in any one loan. Please remember that your capital is at risk when you invest.
You will receive monthly repayments of capital and interest which will be automatically reinvested in loans to ensure that your money is always working for you. The LendingCrowd IFISA has no fixed term and you can access your funds at any time for a 1% exit fee.


Transferring your existing ISAs



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Lending Crowd

Lending Crowd

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If you invest through LendingCrowd you should understand that your capital is at risk.

LendingCrowd is the trading name of Edinburgh Alternative Finance Limited, Company Number SC468392, authorised and regulated by the Financial Conduct Authority (Firm reference number 670991). LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

Read more about the risk involved when investing and borrowing.

The company's registered office is 23 Manor Place, Edinburgh, EH3 7DX.

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