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A quarter of Assetz Capital loans end up on the aftermarket

October 13, 2017

More than a quarter of loans made through Assetz Capital end up on our aftermarket, we can report.

We recently revealed in the press that 28 per cent of loans have been traded on the secondary market since the platform’s launch in 2013, underlying the importance of having liquidity in the system.

£300m has been traded on the secondary market in the past four years.

“We’re proud to be one of the few P2P lenders to have such an active secondary market which is vital as our nascent industry continues to grow and mature,” said our chief executive, Stuart Law.

“It is both important for investors to know that when they invest they are potentially holding loan investments to term, from one to five years typically, but at the same time, we think investors need sensible and low costs of accessing their capital early if necessary, subject to other lenders wanting to buy their loans."

“We have enabled this to a great scale and continue to charge zero fees on such access or aftermarket trades.”

Assetz Capital gained full authorisation from the Financial Conduct Authority last month and we are planning to launch our Innovative Finance ISA during the fourth quarter of 2017.