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Post by nesako on Jan 7, 2019 13:28:12 GMT
Hey guys,
I was going round to see whether there are any other platforms which could offer me a decent risk/reward ratio and with the joining bonus and so far a great track record, I chose to put an initial £500 to Kuflink. I could have gone with the Auto account, but I noticed that with auto-accounts, while diversification is great, there are many loans there which are not the first charge and then there is only 5% first loss guarantee vs self-select option where it is 20%. Out of 3 loans currently available, N**** S**** - RM1 seems to be quite decent as LTV (which is quite low) is on the current land value as opposed to future development value and it is a big developer. My question therefore is - is it "good enough" to risk my whole £500 to this loan alone? (Yup, never good idea to put all in one loan, but I do not like other current options, and I can wait if this takes ages to shift on default...)? If anything better comes until the end of the reservation period, I can and will switch/diversify, but if nothing else comes by end of the month... any advice would be appreciated!
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Post by nesako on Jan 10, 2019 9:13:34 GMT
Someone (seems to be a single investment) dumped exactly 300K on this loan yesterday, so someone seems to be confident enough!
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sussexlender
Member of DD Central
Cheat seeking missile
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Post by sussexlender on Jan 10, 2019 11:20:13 GMT
Thanks for the info.
Could you tell me how to access that type of info as I can't find any buttons / keys that let me see the amounts of other investments in a loan ?
Regards, SXLR
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Post by nesako on Jan 10, 2019 14:27:39 GMT
Thanks for the info. Could you tell me how to access that type of info as I can't find any buttons / keys that let me see the amounts of other investments in a loan ? Regards, SXLR I am logging in to the portal every couple of hours checking how fast loans are filling and taking notes, that is how I noticed 300K investment within 1 hour  Normally I would not do that, but this being a new platform to me etc. I am keeping a close eye for now. There have been 2 new loans posted today. The low LTV one may seem really good, but the land is for Student Accommodation, so I am not too keen given all the jokes being made on the number of them popping around over the last couple of years
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rocky1
Member of DD Central
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Post by rocky1 on Jan 10, 2019 15:00:07 GMT
yes, interest rate to low for on the face of it seems like a DFL.on both of todays offerings the figures just do not seem right. kuflink seem to be heading into the multi million pound loans with a lot higher risk. former public houses and student developments, no thanks just look at the three 12% platforms to see how they mostly end up.
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sussexlender
Member of DD Central
Cheat seeking missile
Posts: 550
Likes: 916
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Post by sussexlender on Jan 10, 2019 19:49:48 GMT
One major difference with this Kufllink loan when compared with some 12% P2P platforms (such as the pie in the sky lot at Lendy) is that this project already has planning in place compared with being financed before the planning is even applied for by the borrower.
This project is close to the university and opposite an existing block of flats which demonstrates that the land and position is clearly capable and safe enough to develop.
Have taken a small bite of this loan but I can see it is filling very quickly.
Best wishes and good luck on all your investment. SXLR
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jnm21
Posts: 441
Likes: 167
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Post by jnm21 on Mar 2, 2019 23:10:53 GMT
Having virtually sworn off P2P with bad experiences, brexit concerns, platform comms, etc., I am finding myself tempted by this one (the one in the thread title)! Points that I like: - Short term (handy for me at present).
- Decent interest rate (at least by Kuflink standards).
- Low LTV (where the value is real & not a potentially over-estimated GDV).
Having learnt from a recent deal on another platform, where second charge effectively gives the comfort of a much higher LTV, the fact that this loan is effectively second charge to the previous Kuflink loans worries me. Any thoughts? |
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benaj
Member of DD Central
N/A
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Likes: 1,735
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Post by benaj on Mar 5, 2019 11:22:13 GMT
Having virtually sworn off P2P with bad experiences, brexit concerns, platform comms, etc., I am finding myself tempted by this one (the one in the thread title)! Points that I like: - Short term (handy for me at present).
- Decent interest rate (at least by Kuflink standards).
- Low LTV (where the value is real & not a potentially over-estimated GDV).
Having learnt from a recent deal on another platform, where second charge effectively gives the comfort of a much higher LTV, the fact that this loan is effectively second charge to the previous Kuflink loans worries me. Any thoughts? I do like Kuflink refer a friend offer. I only have 12 months experience in this platform. What I like: -Cashback -Self select loans interest are paid monthly, mine are on schedule so far -1 yr AutoInvest repaid with capital and interest at the end of term without delay. I received money back. There are many loans have been repaid on this platform. I started self select quite late, so none of my loans have been redeemed yet, but none overdue yet. However, all my loans that have been invested in Autoinvest, none of those have been redeemed on the market, may be those are loans which have more than 12 months duration.
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jnm21
Posts: 441
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Post by jnm21 on Mar 6, 2019 8:44:12 GMT
Thanks benaj - I was actually asking about the specific deal in the thread title (I am a Kuflink member, used their cashback, etc.). |
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