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Post by kuflink on Apr 24, 2017 17:17:49 GMT
Hello all,
we have now 2 loans left on the platform and are filling up quickly. Please have a look and let me know if you have any queries.
Kind regards, Hari invest.kuflink.co.uk
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Post by kuflink on Apr 28, 2017 13:15:29 GMT
The Kuflink team is proud to announce that we are now fully authorised by the FCA. We are humbled by the support from our entire lending community. It has been a long road and it's a fantastic feeling. Please feel free to get in touch with me or the Kuflink team if you would need any further details.
Kind regards, Hari
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on May 7, 2017 8:41:25 GMT
Do you have any plans to offer a secondary market, or other ways to offer investors an early exit? I ask as a potential buyer who has already taken a stake up to my personal loan limit in all of the 3 current offerings and would love to get a slice of some of the fully funded loans if there were investors in those who needed access to their cash.
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Post by kuflink on May 20, 2017 14:08:51 GMT
Hi,
sorry about the late response, completely missed this message. At the moment we don't have plans for a secondary market am afraid. We are however focusing towards getting a good mix of deals. We have found our platform users are likely to diversify their monies across various deals with varying deal terms. We are also making significant technical improvements to the platform to provide a better experience for our community.
We will work with our compliance team and the FCA to see if we can offer a secondary market in the future. As a regulated business, we have to comply with the regulations of the regulatory authority and any changes have to be approved.
Please let me know if you have any other queries at all. Will be more active on the forums in the future.
Kind regards, Hari
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r00lish67
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Post by r00lish67 on May 22, 2017 9:45:11 GMT
Tagging kuflinkHi Hari, In my daily stumblings, I noticed that you're now marketing cashback via Quidco for new account sign-ups at a rate of 5.5%. Can you confirm my understanding is correct, and that there's no upper limit e.g. if i put in £10k, it's £550 cashback? As further feedback, I too would really like to see a secondary market in place, and probably won't invest until there is.
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Post by kuflink on May 22, 2017 12:37:25 GMT
Hi r00lish67,
many thanks for your message. Yes, that is correct. We are currently offering a cashback incentive with no upper limit. The offer however is only available for a limited time. Thank you for your feedback on the secondary market. Agree, it is a vital part of the product mix and we have had several conversations internally regarding the feature. It provides some form of liquidity in an illiquid asset class.
Kind regards, Hari
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r00lish67
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Post by r00lish67 on May 22, 2017 13:27:02 GMT
Thanks for the quick reply, Hari kuflink I had a poke around your website. I like the idea of you having skin in the game, but you seem to be offering no more than 6% to investors without any form of safeguard if I've understood correctly? I'm not averse to that approach in general, but typically lend at 11-13% in order to achieve a diversified return of about 6-7% as one always expect some losses. If I lend at 6%, well....that doesn't sound great to me, it sounds like all of my profit would likely be wiped out in the long term. I can see in your FAQ's you say "We would expect that between 0.25% and 0.50% of loans will go into default in the future". Even the upper boundary of that sounds a very aggressive target if you're lending at up to 76% LTV including your first loss. How did you come up with these numbers?
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Post by kuflink on May 22, 2017 15:01:31 GMT
Dear r00lish67,
many thanks for your query. All our loans are pre-funded and Kuflink Bridging lends at least 20% into every deal on a "first in last out" basis. Our community of investors will have an overall exposure of a maximum 56% LTV.
Furthermore, we have set aside some capital to cover any losses so that we can give our community of investors an added layer of security. In terms of our lending criteria, we have a stringent policy and we take into account the 90 day auction value of the property as opposed to the open market value. The loans that make through to the platform are scrutinised by an independent credit committee comprising of a panel of property experts who stress test the loans.
Please feel free to have a look around. We have 3 deals on the platform at the moment at 6.5%, 6.8% and 7% per annum gross.
I hope I've been able to answer your query. Please feel free to contact me if you would need any further clarification or have any other questions at all.
Kind regards, Hari
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Post by kuflink on May 25, 2017 10:05:02 GMT
Hi all, we have 2 new deals on the platform. Please have a look and let me know if you have any questions. Kind regards, Hari invest.kuflink.co.uk
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IFISAcava
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Post by IFISAcava on May 30, 2017 19:25:36 GMT
Hi r00lish67, many thanks for your message. Yes, that is correct. We are currently offering a cashback incentive with no upper limit. The offer however is only available for a limited time. Thank you for your feedback on the secondary market. Agree, it is a vital part of the product mix and we have had several conversations internally regarding the feature. It provides some form of liquidity in an illiquid asset class. Kind regards, Hari Can you confirm how the 5.5% is calculated please? Is it a) first deposit amount which is then subsequently invested within 60 days b) first actual investment/loan amount only or c) total investment over 60 days? E.g. there are two loans at the moment - if one deposited £1000, then put £500 into each, would this generate £55 cashback for both investments or just £27.50 for the first? And if another comes next week and another £500 is invested would that count too? And if so would it only count if one had put in £1500 initially or could one also add £500 later? Confusing, but would help me decide whether/how/how much to invest. Thanks for clarifying.
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Post by keyboardworrier on May 30, 2017 19:41:18 GMT
I was wondering how long it takes to track the cashback, as I signed up & deposited money on the 23rd and it hasn't tracked on Quidco yet. Thanks for any help!
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Post by kuflink on May 30, 2017 22:38:37 GMT
keyboardworrier, the tracking is instantaneous and I couldn't see any clicks through Quidco, could you please PM me your email address that you used for signing up and I'll make sure you are awarded your cashback. Kind regards, Hari
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invest
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Post by invest on May 31, 2017 5:16:14 GMT
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david42
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Post by david42 on Jun 1, 2017 12:39:20 GMT
Can you confirm how the 5.5% is calculated please? Is it a) first deposit amount which is then subsequently invested within 60 days b) first actual investment/loan amount only or c) total investment over 60 days? E.g. there are two loans at the moment - if one deposited £1000, then put £500 into each, would this generate £55 cashback for both investments or just £27.50 for the first? And if another comes next week and another £500 is invested would that count too? And if so would it only count if one had put in £1500 initially or could one also add £500 later? Confusing, but would help me decide whether/how/how much to invest. Thanks for clarifying. I asked them a similar question by email. They replied with a lot more detail about the terms of the offer. The main points being:
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Post by keyboardworrier on Jun 1, 2017 12:58:10 GMT
Just an update on my cashback situation - I've still not received any Quidco tracking email. I did some googling of the Info Hari provided and it seems like there may have been some kind of cookie error (This would be entirely my fault and is not the fault of Kuflink). For anyone taking up this CB offer make sure you delete all cookies etc before doing it (I thought I was safe using a different browser but it appears not!). I'll post any further updates as/when I have them if anyone is interested
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