LandlordInvest.com, a FCA authorised peer-to-peer lending platform and a HM Revenue & Customs approved ISA manager, has completed more than £1,000,000 in secondary market sales on its secondary market.
LandlordInvest’s secondary market enables investors to offer eligible loans or loan parts for sale to other investors. This provides investors with the possibility to access all or part of an investment’s principal before that loan reaches maturity.
In total, 1,393 secondary market sales have been completed, with a total value of £1,016,453. The average sale amount was £730 with the highest being £50,000 and the lowest being £100.
The number of unique sellers was 86 and the number of unique buyers was 150.
Joe Vallender, LandlordInvest’s chief technology officer, said: “We launched the secondary market in May 2017 and found it to be popular immediately, and we’re pleased to see this activity continue. LandlordInvest’s investors may wish to access their capital mid loan term and an active secondary market increases the chance they may do so.”