Based in London, Relendex is a peer-to-peer (P2P) commercial real estate lending platform that brings together multiple lenders for loans secured on commercial and residential properties.
Innovative Finance ISA
The Relendex Innovative Finance ISA is a tax-free wrapper for peer-to-peer loans where you can invest up to £20,000 per year tax-free. The company offers two types of IFISAs: With the Self-Select IFISA you are able to choose exactly which loans you want to put your money into.
Whereas with the Secured-Portfolio IFISA an investment portfolio will be created for you, making it a much more hands-off approach. Either way, the minimum investment for new ISA funds is £500. This product is for UK residents aged 18 and over.
Other Services
Relendex is a peer-to-peer commercial real estate lending platform that brings together multiple lenders for loans secured on commercial and residential properties.
Relendex Reviews and Ratings
Online reviews for Relendex are very good with customers calling this a new and interesting route to balance risks and returns with several opportunities to have a good annual interest rate with a decent risk grade. Communication and customer service is deemed to be very good with clear explanations. The platform is simple to invest in, with regular updates.
Trustpilot – 2.7/5 (based on 38 reviews)
Pros
- Quick easy online signup
- The Self-Select IFISA lets you choose exactly which loans you want to put your money into
- The Secured-Portfolio IFISA offers an investment portfolio that is created for you
- No transfer out fees
- Excellent customer reviews
- An easy to use platform that is simple to invest in
- Authorised and regulated by the Financial Conduct Authority
Cons
- Innovative Finance ISA only
- Stocks and Shares, Lifetime ISAs, Cash ISAs or other ISA products not offered
- Minimum investment for new ISA funds is £500
- No FSCS protection
- Product is only for UK residents aged 18 and over
Website: Relendex