News

Transfers Out of Proplend IFISA

Published on April 12, 2017

Just as you’re free to transfer any ISA pots from previous years into a Proplend ISA, we think you should also be completely free to transfer out some or all your ISA monies with us – without paying transfer out fees. By not charging transfer out fees we hope you’ll have more confidence investing to a Proplend IFISA in the first place.

You’ll need to sell some or all your loan investments before you can transfer out as we can only transfer cash to other providers. You can make your loan investments available for sale through our secondary market – the Proplend Loan Exchange (PLE).

When you’ve sold the loan(s), we’ll transfer the proceeds as a single payment to the receiving provider. Your Proplend IFISA will remain open and able to accept new ISA subscriptions and transfers in.