jester
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Post by jester on Apr 24, 2019 20:03:29 GMT
Can anyone more savvy than me explain how this Kuflink IFISA operates?
-When my initial deposit was invested my transaction list shows it being equally distributed between 12 loans and nothing since -However when I click on the IFISA dashboard it generically displays 26 loans -On inquiring with Kuflink I'm informed I'm always invested across all loans on the platform, but the recently defaulted GU47 isn't listed within my IFISA ........
So what exactly am I invested in, the 12 initial loans? the 26 loans on my dashboard? additional loans such as GU47 which aren't shown?
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Post by Ace on Apr 24, 2019 20:40:59 GMT
Can anyone more savvy than me explain how this Kuflink IFISA operates? -When my initial deposit was invested my transaction list shows it being equally distributed between 12 loans and nothing since -However when I click on the IFISA dashboard it generically displays 26 loans -On inquiring with Kuflink I'm informed I'm always invested across all loans on the platform, but the recently defaulted GU47 isn't listed within my IFISA ........ So what exactly am I invested in, the 12 initial loans? the 26 loans on my dashboard? additional loans such as GU47 which aren't shown? That's a worrying question to need to ask! I just read everything I could find on their website and found nowhere near enough info to answer your question. IMO Kuflink are currently being outflanked by CrowdProperty. K's rates on ISA's and auto-invest products are way too low for the lengthy tie-ins required. They used to have a great USP with their 20% skin that could justify the lower rates, but a 5% skin isn't enough for me at these rates.
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jester
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Post by jester on Apr 25, 2019 16:50:49 GMT
Can anyone more savvy than me explain how this Kuflink IFISA operates? -When my initial deposit was invested my transaction list shows it being equally distributed between 12 loans and nothing since -However when I click on the IFISA dashboard it generically displays 26 loans -On inquiring with Kuflink I'm informed I'm always invested across all loans on the platform, but the recently defaulted GU47 isn't listed within my IFISA ........ So what exactly am I invested in, the 12 initial loans? the 26 loans on my dashboard? additional loans such as GU47 which aren't shown? That's a worrying question to need to ask! I just read everything I could find on their website and found nowhere near enough info to answer your question. IMO Kuflink are currently being outflanked by CrowdProperty. K's rates on ISA's and auto-invest products are way too low for the lengthy tie-ins required. They used to have a great USP with their 20% skin that could justify the lower rates, but a 5% skin isn't enough for me at these rates. I agree it sounds a little naive to not know before investing but I was happy with the platform's overall performance and wanted exposure to bridging loans in my P2P portfolio. I was happy to invest through the IFISA and find out afterwards how diverse my portfolio would be on that side of things, problem is I'm obviously still far from clear and seems no one else can offer an explanation either?
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Post by elephantrosie on May 8, 2019 10:36:20 GMT
can we not invest in individual loans on Kuflink IFISA?
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oldtimer
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Post by oldtimer on May 8, 2019 11:39:50 GMT
can we not invest in individual loans on Kuflink IFISA? Unfortunately not, also the interest is only paid yearly.
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nush
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Post by nush on May 23, 2019 23:16:32 GMT
can we not invest in individual loans on Kuflink IFISA? Unfortunately not, also the interest is only paid yearly. is the interest paid out or re invested. TIA
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Post by kuflink on May 24, 2019 9:39:25 GMT
Unfortunately not, also the interest is only paid yearly. is the interest paid out or re invested. TIA Interest is paid into your Kuflink wallet, and you can choose whether to re-invest/ withdraw from there. Hope this helps!
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jester
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Post by jester on May 24, 2019 18:50:35 GMT
kuflink, as you are here responding to the more straightforward question, would you be so kind as to answer the original query of what exactly we are invested in through the IFISA ..... all active loans, the loans showing in my personal transactions or something else entirely. Much appreciated!
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Post by kuflink on May 28, 2019 13:03:03 GMT
kuflink , as you are here responding to the more straightforward question, would you be so kind as to answer the original query of what exactly we are invested in through the IFISA ..... all active loans, the loans showing in my personal transactions or something else entirely. Much appreciated! Hi, Investments into the IF-ISA are diversified across all loans in the portfolio, so as new opportunities are added/ taken away, your investment is 're-spread' accordingly. We do it this way as some of our ISA terms are longer than our maximum loan terms, i.e. we don't lend to borrowers for 3 or 5 years but, by re-allocating funds as and when loans are redeemed, investors can choose these longer terms should they wish to. We are aware that your transaction history shows the loans available when you first made your ISA investment, and don't update as they should. I've given our tech team a nudge on this and hope it will be fixed shortly to help clear up any confusion. Apologies for not getting back to you sooner! Please give me a shout if you have any further questions. Annie
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qwakuk
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Post by qwakuk on May 28, 2019 13:21:56 GMT
kuflink , as you are here responding to the more straightforward question, would you be so kind as to answer the original query of what exactly we are invested in through the IFISA ..... all active loans, the loans showing in my personal transactions or something else entirely. Much appreciated! Hi, Investments into the IF-ISA are diversified across all loans in the portfolio, so as new opportunities are added/ taken away, your investment is 're-spread' accordingly. We do it this way as some of our ISA terms are longer than our maximum loan terms, i.e. we don't lend to borrowers for 3 or 5 years but, by re-allocating funds as and when loans are redeemed, investors can choose these longer terms should they wish to. We are aware that your transaction history shows the loans available when you first made your ISA investment, and don't update as they should. I've given our tech team a nudge on this and hope it will be fixed shortly to help clear up any confusion. Apologies for not getting back to you sooner! Please give me a shout if you have any further questions. Annie Can I add a request, can they please split the list of transactions between non ISA and ISA.
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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 28, 2019 15:24:22 GMT
Hi, Investments into the IF-ISA are diversified across all loans in the portfolio, so as new opportunities are added/ taken away, your investment is 're-spread' accordingly. We do it this way as some of our ISA terms are longer than our maximum loan terms, i.e. we don't lend to borrowers for 3 or 5 years but, by re-allocating funds as and when loans are redeemed, investors can choose these longer terms should they wish to. We are aware that your transaction history shows the loans available when you first made your ISA investment, and don't update as they should. I've given our tech team a nudge on this and hope it will be fixed shortly to help clear up any confusion. Apologies for not getting back to you sooner! Please give me a shout if you have any further questions. Annie Can I add a request, can they please split the list of transactions between non ISA and ISA. Even better split ISA and non-ISA completely into two different accounts. That's how every other platform I use does it. I am actually surprised that the FCA/HMRC permits the two types to be mixed together. I wonder if they know?
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qwakuk
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Post by qwakuk on May 28, 2019 16:04:18 GMT
Can I add a request, can they please split the list of transactions between non ISA and ISA. Even better split ISA and non-ISA completely into two different accounts. That's how every other platform I use does it. I am actually surprised that the FCA/HMRC permits the two types to be mixed together. I wonder if they know? You are right, that would be the ideal scenario
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Post by kuflink on May 28, 2019 16:04:58 GMT
Can I add a request, can they please split the list of transactions between non ISA and ISA. Even better split ISA and non-ISA completely into two different accounts. That's how every other platform I use does it. I am actually surprised that the FCA/HMRC permits the two types to be mixed together. I wonder if they know? More than happy to pass both of your comments along
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boundah
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Post by boundah on Oct 24, 2019 12:33:20 GMT
I'm new to Kuflink so sorry if this question has been asked elsewhere.
If I lend through an IFISA I have no control over which loans I invest in and am locked in. Isn't there an incentive for K to dump their hard-to-shift or less secure loans in it?
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oldtimer
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Post by oldtimer on Oct 24, 2019 12:53:35 GMT
I'm new to Kuflink so sorry if this question has been asked elsewhere. If I lend through an IFISA I have no control over which loans I invest in and am locked in. Isn't there an incentive for K to dump their hard-to-shift or less secure loans in it? Investments into the IF-ISA are diversified across all loans in the portfolio. Obviously it would be better if they included select invest in the isa wrapper but they seem unwilling to do so for some reason.
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