It wasn’t too long ago that we announced that our Resale Marketplace hit £1 million worth of Loan Parts being traded. Now just a few months down the road we are delighted to see our Resale Marketplace cross the £2 million mark!
Where it took us 7 months to hit the £1 million milestone, it has taken us HALF the time to make it to £2 million. This increase in activity is due to a mix of new lenders coming in and buying Loan Parts from loans that they may have missed as well as existing lenders diversifying their portfolios. Lenders also like the fact that they can start earning interest immediately when buying Loan Parts on the Resale Marketplace.
We thought we’d address some of the most frequently asked questions about the Resale Marketplace.
Do you charge any fees on the Resale Marketplace?
There are no fees for buying and selling on the Resale Marketplace. Our objective with this service is to provide our lenders with greater liquidity (as you can exit a loan early) and diversification (buying Loan Parts you may otherwise have missed).
I see that £10,000 of a loan is listed. Can I buy just £5,000 of that?
No as you must buy a Loan Part in whole. Auto-partitioning of Loan Parts is a feature that we hope to introduce onto the platform in the future.
Outstanding principal of the Loan Part I want to buy shows £500 but Total Purchase Amount shows a larger amount when I click the buy button. Why is that?
This extra amount is the interest that has been accrued by the seller on the Loan Part since the last interest payment date as here at Relendex we pay out interest on a quarterly basis. When a lender wants to sell his/her Loan Part, the buyer in essence takes the seller’s place in the loan.
As the buyer, you will receive the full accrued interest amount at the next interest payment date.
Am I able to delve deeper into loan details before buying?
Yes, all approved lenders have access to our Virtual Data Room where you will be able to see the Executive Summary and Valuation Report of every loan available on the Resale Marketplace. You are also of course welcomed to email us at This email address is being protected from spambots. You need JavaScript enabled to view it. should you have any further questions.
Why is my Loan Part not able to be listed on the Resale Marketplace?
Loan Parts are not eligible for resale if either, the loan of which it forms part is within 1 month of expiry or where the loan is in default or there has been a notified breach of the loan conditions.
Have a look at available Loan Parts on the Resale Marketplace here.
