A loan I have invested in is labelled “out of term / in breach”. What does this mean?

This usually means that the scheduled loan term has ended, but the borrower has not repaid the principal loan amount and an extension to the loan has not been approved. On other occasions, the borrower may have breached some of the conditions of their agreement with us; for instance, making an unauthorised change to the nature of the underlying property. In either case, our loan servicing team will work closely with the borrower, looking at their individual circumstances to work towards the most appropriate solution.