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I've stayed out of this discussion as other commitments have kept me busy. However, I regret not making my views known and so will now, even though it seems the decision has already been made.

Firstly, let me say I appreciate (as always) MT's attempt to consult lenders but think the poll was deeply flawed. From memory, the text in the survey money poll was inadequate and unbalanced - especially for lenders who may not follow this forum or be financial 'professionals'. It gave lots of reasons why discounts should be allowed, only 2 reasons why at par should remain, and then a few points on premiums.

There should have, at the very least, more pros/cons of the current system - including the potential CGT impacts of changing - and I fell it was 'leading' voters to vote in favour of discounts.

Someone asked if any BH would reduce their investments if premiums/discounts were introduced and didn't think it would.

Well, my investment in MT varies but as a result of this change, its going to reduce over time  - I didn't think of myself as a BH but perhaps I should given how others have described them - I do have 5 figures in certain loans and had more than 5% of Wigan at the end.

I wold have preferred the status quo to remain and think MT has shot itself in the foot, if it wants to attract a wider retail customer base - as illustrated from this thread, this change will favour those who know how to (and have the time) to monitor CH for updates and are familiar with things like risk premiums etc to the disadvantage of others who if they wanted to sell would always do so at par - and unlike the stock market these is no requirement on a P2P platform that relevant news/results is shared publicly to all investors at once.

This change could also lead to ramping etc or other attempts to alter the price - and what happens when someone buys something at a premium only to find a loan is repaid almost immediately - leading to them getting a capital loss.. which is bound to happen at some time..

The issue with MT is not the secondary market which was always a nice to have but that there needs to be more quality loans coming through

Let's hope the issue is resolved satisfactorily as last time. Slightly concerning it's happening again though.

I opened a MT ISA earlier this year but never got around to funding it. This was partly because of the (lack of) loan flow but also as I object to paying to transfer an ISA away, should the need arise.

I have, however, increased my non ISA exposure to MT..

I would concur that the above is consistent with MT's actions in the past, if not for the fact that I seem to recall that we have previously been told that firms were told not to do this by the FCA when they became fully authorised as it potentially increases platform risk - hence 14.3

Many thanks for the link! Email checked including the spam folder with no success unfortunately.

I have sent MT an email tonight as I just missed the midnight deadline but wanted to renew my loans and hope Ed etc. can do something before the distribution  <I tend to have all my loans on auto renewal?>

However, as I also said in the email to them "As a bit of constructive feedback, can I also say that I think that giving existing loan holders only 8 hours notice to mark their loans for renewal is insufficient - especially for something like this where you will have known in advance that the structure of loans is changing - its not really treating existing holders fairly as I have come to expect from MT.
"

Apologies, if I have missed anything but given Lendy's decision to suspend the SM in this loan, does it mean that loan parts that were 'on sale' will now automatically start to earn interest again?

If not, it certainly should imho..