LandlordInvest has added a new discount option to its secondary market.
Investors can now sell loan parts at up to 20 per cent below par value on the peer-to-peer buy-to-let lending platform.
The platform has also increased its sale fee from 0.25 per cent to 0.5 per cent.
The change only applies to new secondary market listings made from today (17 June).
“When listing a loan part for sale, the seller can drag the discount slider from zero to their desired discount percentage,” LandlordInvest said.
“The page will automatically update to show the amount of discount and the sale price the loan part will be listed at.
“The seller may of course also leave the discount at zero and no discount will be applied to the listing.”
LandlordInvest overhauled its secondary market in April with new rules stating that investors may not relist a loan that they have removed from the market for 14 days.
“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,” the new clause in LandlordInvest’s terms and conditions states.