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Is the secondary market guaranteed to operate at all times?

Is the secondary market guaranteed to operate at all times?

Whilst we will make every effort to ensure that the secondary market is up and running 24 hours a day, there may be occasions when we temporarily suspended a loan from trading, we call this ‘Pausing’. This may be because of a material change in circumstances of the borrower, a missed payment or some new information that we feel may not allow a “fair” market to operate.

You can only buy loan parts that are offered on the secondary market, although you can leave a bid operational for people to sell you more loan parts. Similarly, you can only sell loan parts where there is a willing buyer, but you can leave an offer up if you do not like the price offered or want to deal in a larger size.

We cannot guarantee that any particular price or size will be tradeable on the secondary market as it is dependent on the interest levels of other Lending Members. Current trading levels are £750,000 per month traded between lenders on the Secondary Market.

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