oldtimer
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Post by oldtimer on Apr 18, 2023 14:47:05 GMT
It is rather concerning to see so many of these emails.
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oldtimer
Member of DD Central
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Likes: 156
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Post by oldtimer on Jan 2, 2023 12:50:55 GMT
Anyone know why Kuflink don't permit faxed ISA transfer requests? Most other P2P companies do. The potential time saving with postal delays and strikes, along with weekend and holidays are significant. (I'm really posting this in the hope that Kuflink will note). They do accept isa transfer forms that are scanned and emailed. I did this a few weeks ago after emailing them to ask if this was ok and they said yes.
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oldtimer
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Post by oldtimer on Nov 30, 2022 17:38:56 GMT
I haven't tried it, but I would expect that flexible ISA withdrawals would show up on the Wallet Transfer page. The bit where it says " Your remaining ISA allowance is £xx,xxx" for the ISA Current wallet. I.e. the number will increase when any flexible withdrawals are made, reduce when deposits are made, and reset to £20,000 on 6th April each year. At least that's how it's handled on other platforms I use. I don't have any cash in that wallet right now, but I'll test it next time I get an ISA repayment and report back if no-one else beats me to it.
Withdrew some money from my ISA and it doesn't work , ISA allowance is still showing as 20k. Either the ISA isn't flexible or they haven't implemented correctly. The money came from the ISA-previous wallet not the ISA-current wallet but I don't see what difference that should make.
Suggest you contact hello@kuflink.com and tell them. They assured me that it was now flexible as per my previous post. Let us know what they say.
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oldtimer
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Post by oldtimer on Nov 24, 2022 16:40:28 GMT
I agree that it's a great step forward. If only they'd go the whole hog and make the ISA flexible. Yes that would be the finishing touch. More good news. Have been corresponding with them over the last few days and received this this afternoon. I can confirm that our platform supports a Flexible ISA.
Our internal team will be updating the FAQ section in due course to include a topic on this feature.
Thank you for your feedback and patience on this matter.
Have a great day!
Kind Regards,
Karolina Orlowska Investor relations
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oldtimer
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Post by oldtimer on Nov 22, 2022 13:15:22 GMT
I agree that it's a great step forward. If only they'd go the whole hog and make the ISA flexible. Yes that would be the finishing touch.
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oldtimer
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Post by oldtimer on Nov 22, 2022 12:47:49 GMT
Has there been an announcement? No announcement yet, just an updated IFISA page noting the monthly interest option. I confirmed it with them. This was their reply this morning. I can certainly confirm that we now offer interest to be paid monthly on all ISA eligible Select deals. This option has only just been approved and added to our platform and, we feel is a great addition to the offering.
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oldtimer
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Post by oldtimer on Nov 22, 2022 10:58:30 GMT
At last - Kuflink now allow you to select monthly interest payments in their isa.
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oldtimer
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Post by oldtimer on Jun 22, 2022 17:15:55 GMT
I like KL alot, I do have two bug bears though. Extending loans with no penalty interest paid to investor, something that I think will be a bigger issue going forward if investor rates start rising. And the daft pots of money. KL, I only need one! I would add another bug bear. Not being able to select monthly interest in their isa.
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oldtimer
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Post by oldtimer on Apr 6, 2022 12:34:32 GMT
It now has the same functionality as the normal account for buying, selling and transfers in. There is usually plenty of new loans and tranches.
Does 'Autoinvest' cause any problems restricting availability to 'Self Select'? The down side is that you cannot select monthly income in an isa should you wish to do so.
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oldtimer
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Post by oldtimer on Jan 21, 2022 10:28:29 GMT
I know I can invest in self select ISA's with money from my wallet but a transfer in only gives me the option to invest for 1 3 0r 5 years, I can't find anywhere that lets me transfer another ISA directly into a wallet so that I can self select my own ISA investments. I must be missing something somewhere. I was told this: You apply as if you were going to invest in one of their isa fixed term deals but in the notes you say that you want to use the transfer for select invest deals not a fixed term one.
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oldtimer
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Post by oldtimer on Jan 21, 2022 7:20:59 GMT
I've transferred a previous year's ISA to Kuflink and can confirm that I am able to buy ISA eligible loans, but only if I select compounding interest (it doesn't allow me to buy in the ISA if I select monthly interest). I will not be opening an isa with them until this is fixed.
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oldtimer
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Post by oldtimer on Dec 18, 2021 11:39:23 GMT
Anyone else getting this? never happened before without an email from Ablrate? yes me too
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oldtimer
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Post by oldtimer on Dec 15, 2021 16:58:33 GMT
Hello, we can confirm that you ARE able to transfer in previous years ISAs into our Select Invest deals. We are also working on the Secondary market (being able to purchase from here with previous years ISAs) but this is not live as yet. Watch this space... Coming soon. We hope that answers the question here but as we always say, please do not hesitate to pick the phone up to us, we will happily help you. As I understand it you are not able to select monthly payments on select invest when using an isa.
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oldtimer
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Post by oldtimer on Dec 14, 2021 15:48:46 GMT
after today e mail , Ive just decided to take the hit and pay their extortionate fee to bail out. TBH its just not worth the hassle to keep logging in each week to see dribbles being paid back. After todays announcement I no linger wish to gamble that they may even be trading in the future. Might be wrong buy hey , decision made. Agree, I did that a few weeks ago.
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oldtimer
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Post by oldtimer on Nov 15, 2021 9:47:11 GMT
Transfer out fee is £35
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