Zopa withdrawal estimate

You can't withdraw 100% in Access either.  I've got one stuck in 'arrangement' which won't shift.

You might have got that impression - but it's not what Zopa's T&C's state. help.zopa.com/customer/portal/articles/1684618 would be a good read for you.

If you read further down that page you refer to it says the following, important point in bold  (my editing). So they clearly state withdrawal IS subject to these conditions. The comment earlier regarding non-safeguarded loans is for loans that pre-date the Safeguard protection howevrr that same restriction does effectively apply to safeguarded loans as well.Hope this helps clear up the confusion

You can access more of your money by selling active loans to other investors in the market. For Zopa Classic and Zopa Plus there is a 1% fee associated with this service but there is no fee in Zopa Access.

This service is always available as long as the loans are up to date with repayments and there are other investors looking to buy loans. It's a speedy but not immediate service, as it isn't like an instant access bank account.

We have a fast-growing community of over 60,000 active investors but of course, there’s a chance that if there isn’t enough demand from investors to buy loans, you may not be able to access your money as fast as you’d like to.

All this will change post December changes when Z say you can sell loans which are underperforming. AFAICS, though, there is still the possibility of an interest penalty if Interest rates move against you.

No way should any of Zopa's markets be seen as "easy" access or "quick access" or "penalty free" access.

Please read the  T&Cs and understand the investment and access risk.

On the page to request selling of loans it says ( my bold )

"Some of these loans may not be able to be sold at this time if there is a pending repayment or the borrower has missed a repayment, is in arrears, or has defaulted."

So sell 96% of your loans now, then a couple of days later sell the ones that will have received the pending repayment. The only ones you should be left with are the 'bad' loans.

I would look for a technical/design issue rather than any deliberate manipulation of the market.



The loan selling system ( used to be called Rapid Return! ) and the loan matching algorithm, have both been altered over the years and some of the constraints may have been embedded in the original design and too complicated to remove. Not saying they were good design decisions!


A couple of guesses....

pending repayments - what if Zopa record the lender when they produce the DD processing file and use that to allocate the payments to the correct account when they come in ( the DD processing was designed before selling loans was considered ). Then selling a loan whist the DD is processing would need more complicated code to be added,or the DD processing changed - easier just to exclude them.

10 day wait - sold loans are part of the matching algorithm, which tries to allocate available loans ( a mixture of new and sold ) to available lenders to balance their portfolio. What if a sold loan was a very high or very low rate it might not fit in with the matching process, it might talk longer - up to 10 days - then perhaps it would give up? ( When I have sold loans last year the majority of the loans were sold on the 1st or 2nd day with a small rump of loans that took longer to sell ).