What does 'Resale' refer to on the portal?
Occasionally investors need to access their funds earlier than expected and they would on-sell these to other investors via the Resale (Secondary) Market. There are many reasons why investors may need their funds before the loan repays and we offer a Resale service to assist them with this
The most common reasons are:
- To downsize and purchase a retirement unit
- To help their family into a property or assist with business funds
- To inject capital into their own business
- To purchase a new vehicle
- To complete property renovations
- To purchase an investment property
- To pay for a holiday
- To cover unexpected expenses
- Have payment arrears over 30 days
- Have an active hardship application
- Are subject to an active Property Law Act notice
- Have a scheduled mortgagee sale date
- Have expired
We want investors to be confident that there is nothing wrong with these loans and
they are the same quality loans as any of the new loans on offer. That’s why all Resale
loans are reviewed before being published on the Portal’s Investment Opportunities
page to ensure they still fit our strict criteria.
If you have any questions about any of the Resale Market loans listed on the Investor
Portal, please do not hesitate to get in touch.