At the time when they sold part of the loan book in early spring they said that they would not consider a haircut on the remaining part so hopefully that will stay the case (the 5% holding per loan might help).I am sure they would like to close and put the p2p side behind them and sell the rest but we can only hope that the monitoring of loans has been taken over by their property team which was already existing for nearly 20 years and the costs merged (but i have wondered since the start why they just don't take over the loans themselves) I have also noticed when phoning about my ISA transfer that you now seem to go through to Octopus investment customer services who also seem to deal with their investment funds and VCT's etc so guess the admin has been merged in another way also?
Good point about the 5% holding. They could sell the rump at 95% of par without agreement from lenders and without upsetting us. Fingers crossed.
As per the link above the 5% holding and large parent company have probably helped save some grief for investors so far - but still wonder why their own property arm does not take the loans on.