LandlordInvest.com, a fully FCA authorised peer-to-peer lending platform and an HM Revenue & Customs approved ISA manager, has completed more than GBP1,000,000 in 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 GBP1,016,453. The average sale amount was GBP730 with the highest being GBP50,000 and the lowest being GBP100.
The number of unique sellers was 86 and the number of unique buyers was 150.
LandlordInvest launched the secondary market in May 2017.
Joe Vallender, LandlordInvest’s Chief Technology Officer, says: “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.”