We have created a series of incentives for lenders on our live auctions, which are applied after a successful auction.
Each incentive is exclusive of others, so you can only qualify for 0.5% on any one loan.
New lender – Your bids are in the first £10k of your bids across the site
- Largest lender – The highest individual contribution on any one application
- Quick lender – Within the first 10 accepted bids on one application (doesn’t apply to BidPal)
- Growing lender – Double your average bids on previous loans (if your average bid size is £20 and you make a single bid of £40, you get cashback on the £40 bid)
- Local lender – If you’re a postcode match with the borrower (first two characters)
Each incentive has a symbol that appears next to your bids, so you know whether you’re eligible for an incentive payment.
A tip:
- If you’re a quick lender, try to lend at a rate you think will be accepted at the end of the auction, because if you’re outbid you’ll lose the incentive!
Credit through incentives will be added to qualifying users balances. rebuildingsociety.com reserves the right to amend or withdraw these promotions at any time.
Related Articles
7th Dec 2020
Ollie Phillips began investing with rebuildingsociety.com in Spring 2020, using his annual ISA allowance to lend to his property company, Spod Properties Limited. Phillips is the most successful England Rugby Sevens captain of all time,...
25th Nov 2019
The secondary marketplace has enjoyed a sustained level of buoyancy since the introduction of the BuyBack Guarantee. The months of September, October and November 2019 have seen the highest levels of trading between investors since...
31st Oct 2019
This summer, the rebuildingsociety team launched, created a major innovation in P2P lending, the Peer-to-Peer Lending Buyback Guarantee (BBG). It allows a primary lender to act as guarantor to microloans they sell onto secondary lenders,...
15th Aug 2019
Here at rebuildingsociety.com our ethos has always been to foster greater connection between lenders and borrowers and add value to the businesses raising finance through the platform. We encourage lenders to engage with the businesses...