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Accessing your investment money

 

Your capital investment will be returned to you once the loan reaches full term or when your Borrower chooses to redeem their loan. But, if you need to exit your loan investment prior to it reaching full term you may offer all or part of it for sale to other FOLK2FOLK Lenders via our secondary market ‘MarketPlace’, after the first 6 months.

If your loan investment is not purchased by another FOLK2FOLK Lender, you will remain invested for the term of the loan or until your Borrower chooses to repay.

 

Exit Fees

 

To sell your Folk2Folk investment loan, the following fees apply:

Listing Fee: A non-refundable fee for listing the loan for sale on MarketPlace. £250 +VAT
Success Fee: Once the transaction is complete, a Success Fee of 0.5% +VAT of the value of the loan being sold is payable. 0.5% +VAT
(less the Listing Fee)

The amount payable depends upon how much you’re offering for sale:

 

Loan size £20,000 £30,000 £40,000 £50,000 £60,000 £70,000 £80,000 £90,000 £100,000 £200,000
Listing fee £250 (+VAT) £300 £300 £300 £300 £300 £300 £300 £300 £300 £300
Success fee 0.5% of the loan value (+VAT) minus the Listing Fee £0 £60 £120 £180 £240 £300 £900

If you have any questions about MarketPlace or the process of exiting from your investment loan, please get in touch.