Loans that are currently up to date on their repayments are eligible to be sold. This includes:

• Loans which have previously missed repayments but have since returned to contractual payments: however, be aware the amount you receive for selling these types of loans may be less than you’d receive for loans that haven’t ever missed repayments

• Loans that have been on the Coronavirus payment arrangements but have returned to contractual repayments and have no new arrears. They must have ended their arrangements at least three months before being sold.

Not all loans are sellable. This could be because:

• The loan is currently behind on repayments – it’s not fair for the buyer to take on a loan which is not currently paying back.

• The loan has defaulted.