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Update to Terms and Conditions for Lenders

15 Apr 2020 - Comment

Dear Investor,

We hope that you are staying healthy and safe during these times.

In order to stabilise and introduce liquidity to the secondary market, we have made the following change to our Terms and Conditions for Lenders:

8.7 If your secondary market listing is at any time removed by you, you may not list the loan or loan part on the secondary market for 14 days.

This change is effective as of today, 15 April 2020.

This measure is introduced to allow all investors to continue to use the secondary market in a fair manner.

We will soon release a discounting feature, which will allow investors to list their loan or loan parts at a discount to further enhance liquidity on the secondary market. Once this feature is available, it will be communicated accordingly.

The Secondary market sale fee will, once the discounting feature is released, be increased from 0.25% to 0.50% to cover the development costs of the new feature and ongoing administration of the secondary market.

Please let us know if anything is unclear or if you require further clarification. If you have any queries please call us on 0207 406 1491, our lines are open from 9.30am to 5.30pm every working day or email us at investor@landlordinvest.com.

LandlordInvest

Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. The information in this blog is correct at the time of posting.

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Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

LandlordInvest Limited is authorised and regulated by the Financial Conduct Authority (FCA) (FRN 660926). LandlordInvest Limited is not covered by the Financial Services Compensation Scheme (FSCS).

Loans provided to borrowers through LandlordInvest are provided solely for business purposes. Loans are therefore not regulated by the Financial Services and Markets Act 2000 or the Consumer Credit Act 1974. You should seek independent legal advice if you are in any doubt as to the consequences of the loan not being a regulated agreement under those Acts.

LandlordInvest Limited (Company No. 09245725), registered office 330 High Holborn, London, WC2A 1HL

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