What's on the aftermarket?

Some?! £59k's worth. I'd say someone is trying to sell a big chunk of their holding there

They may not have enough faith that the LPA receiver to be appointed next week will be able to recover all the capital and accrued interest.  I'm starting to get a bit nervous myself inasmuch as there seems to be no report of any progress -- or even contact -- with the borrower in the past few weeks.

I haven't been watching my account closely enough to know exactly what has been happening but, according to my statement, on two occasions earlier today AI sold some of my units and bought some others about half an hour later.  What I don't know is whether the units it bought had been available earlier during that half hour or whether they weren't offered until the moment they were snapped up.

Yep, nervousness catches on easily - I can't blame lenders for that, I get that way myself.  Some of the bridging loans are looking quite dodgy - I've been careful to get out of the ones I thought looked like a potential loss.  That said, I am still in one of the defaulting bridging loans since I think there's sufficient headroom....trying to keep my cool :-)

It can have a positive effect too. I've managed to pick up parts both on AM & via AI that I probably normally wouldn't have been able to as people are trying to free up capital they thought would come through from BLs to settle shadow bids, which now looks like taking longer to receive.

I'm not overly worried on the BLs though, as with the FF loan, AC have shown a fairly robust protection system, albeit taking a bit of time to get there, but we will be receiving high default rates anyway to compensate for the time lapse. If anything, it's an opportunity to increase holding in some of the BLs, depending on one's level of risk-taking. My only chagrin is that they should have applied pressure earlier on borrowers. But, I suppose they have to be seen to show some flexibility.

True enough! My confidence is based on two things:the higher rate being paid on both original & defaulted loans (12% is not to be sinffed at, let alone 18%+). Couple that with min average 70% ltv & it seems a fairly protective layer. Time is the only negative factor at play here so, if you can let that invested capital stay there for a few weeks, maybe months in some cases, you will get it back plus original and increased default interest on top. Which bank is gonna give you that.? Famous last words & all that jazz I hope for my sake & everyone else invested, I'm right!