Assetz Capital, a peer-to-peer finance platform, has facilitated trading in second-hand loan parts of £300m on its secondary market since its inception.
In addition to the £300m worth of loan units traded on the aftermarket, investors opting for the access accounts have traded more than £400m in redemptions.
Stuart Law, chief executive of Assetz Capital, said: “We’re proud to be one of the few peer-to-peer lenders to have such an active secondary market which is vital as our nascent industry continues to grow and mature.
“It is both important for investors to know that when they invest they are potentially holding loan investments to term (from 1 to 5 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.”
Trades on the secondary market have given a new range of investors access to loans in Assetz Capital’s non-access accounts, including the Manual Loan Investment Account, Great British Business Account and Green Energy Income Account.
To date, over a quarter of Assetz Capital’s loans have been traded through the aftermarket.