Auction Screen Example

How do I bid on a particular loan requirement?

First you will need to register with us. We carry out the required Anti-money laundering checks. Once approved, you may fund your Relendex account by making a bank transfer to our Custodian Bank clients’ account. (This account is under the control of Confiance Limited, a Guernsey licensed fiduciary). Once you have funded your account, you will be permitted to make a bid or bids on the Exchange.

How do I begin to bid?

You would visit the Marketplace and see listings of Borrower Requirements. These set out summary details of each loan, including the property name, risk rating, loan amount, term, Loan to Value, interest rate and other details.

If you see a loan that you consider appropriate, you can click on the listing and see more detail about the property and the loan in three separate pages. These pages are: Loan and Key Property Details; Location and Description Details; Tenancy Details. Lower down each of these pages (on the left hand side) you can see a section called ‘Current Bidding’ that shows live bid amounts and interest rates. You can also see (on the right hand side) a section called ‘Make a Bid’ that summarises your account balances and the auction parameters. You may place a bid here.

If you have any doubts about how to enter the auction or place a bid, please contact
This email address is being protected from spambots. You need JavaScript enabled to view it. or call our Lender Helpline on 020 7729 0070.

What are Manual Bids?

These are bids you place yourself during a live auction. For a Dynamic Auction you can either set a single interest rate or a range. You bid the amount that you specify by completing the ‘Amount’ box in the ‘Make a Bid’ section. For a Set Rate Auction (SRA) the interest rate is pre-set.

What is an Auto-Bid?

When you set a range of interest rates in the ‘Make a Bid’ section in a Dynamic Auction, you are asking the trading platform to bid within that range to keep you in the winning frame in one particular auction. The system will continue to honour your instruction till either your range has been exceeded (because rates in the live auction have eliminated your lowest interest rate bid) or the auction has closed and your bid is a winning bid. Auto-Bids are debited to a lender’s main account.

What is AutoLending?

An AutoLending instruction is an instruction by a prospective lender to the trading platform to bid automatically on all loans that meet his defined lending criteria. These criteria include an interest rate range by risk category, choice of risk category/ies and the absolute amount that the lender is prepared to lend on any single loan.

What is the difference between an Auto-Bid and AutoLending?

An Auto-Bid instruction applies to a single Dynamic Auction where the prospective lender sets an interest rate range for his bids that will be placed automatically by the trading platform. An AutoLending instruction is an instruction by a prospective lender to the trading platform to bid automatically on all loans that meet his pre-set lending criteria until his funds in his AutoLending account are fully utilised. Criteria selection is based on a selected risk category, interest rate range for a selected risk category and a maximum amount that the lender is prepared to lend on any single loan in a selected risk category.

AutoLending instructions will also apply to Loan Parts that are re-sold from time to time through the Re-Sale Marketplace. Any AutoLending instructions whose criteria match a Loan Part resale lot, will be automatically taken up.

Dynamic Auctions ("DA")

As a Lender you can view a range of secured loans and select those that match your target return and risk profile. You decide how much to allocate to each lending opportunity and what interest rate you are willing to accept – so you only take the opportunities that work for you.

If an auction is 100% filled with time still remaining, you may still enter a bid and outbid other lenders by offering more attractive rates for the borrower.

Auctions run for a specified time, which may be extended if necessary until fully funded.

When the auction closes, the lowest interest rate bids that collectively fulfil the loan are automatically selected and (if successful) you get the interest rate that you have bid.

Set Rate Auctions ("SRA")

Some of our auctions are Set Rate Auctions where the interest rate is fixed before the auction starts and as a lender you can bid the amount of the loan you want. When the loan is 100% filled the auction closes.Register as a Lender now