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Post by sannytwist on Jan 28, 2017 1:13:33 GMT
Hi all, see if l have a loan for sale on the SM. Does the loan see accrue interest when its on the SM?
Regards,
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426 
Likes: 1,211
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Post by sqh on Jan 28, 2017 2:11:02 GMT
Hi all, see if l have a loan for sale on the SM. Does the loan see accrue interest when its on the SM? Regards, Yes, a loan part on the SM continues to accrue interest, and the lender who buys your loan part pays you the accrued interest up to the date of purchase.
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Post by sannytwist on Jan 28, 2017 2:41:04 GMT
Thank you for your help, appreciated.
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ben
Posts: 2,020
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Post by ben on Jan 28, 2017 9:36:07 GMT
I do not use the secondary market but from reading other posts the tax arrangment on the secondary market appears rather different to other sites so make sure you have a good read on the site to see how it effects you.
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