The bid is being supported by an offshoot of Halifax Bank of Scotland.
The consortium claimed the buyout would secure Strategic's long-term future and reduce its reliance on retail investors to fund its lending on property developments.
It had been expected the sale would be concluded about the middle of next month. But Strategic told the Stock Exchange yesterday there had been "a further material decline in the property finance market and reinvestment rates" by investors.
Earlier this year Strategic had about 20,000 investors.
Negotiations with Allco HIT were continuing, but the proposed capital structure for the company as part of the ownership change would have to be considered by investors, the company said.
Suspending repayments would protect the position of investors while the purchase negotiations were completed, it said.
Credit rating agency Axis revealed yesterday that Strategic had asked for its rating to be withdrawn earlier this week.
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