|
Post by df on Mar 19, 2022 2:17:34 GMT
New loans launched. ub10 3 tiers da11 6 Appartments. Tranche 1 ss1 Development HMO Tranche 1 By the time I was able to attend the show ss1 was already filled, but I'm sure I'll have a chance to catch up at further tranches. Good loan flow on KUF (much better than on AC). It's almost a year since I signed up, my XIRR is 6.54% which is what I was aiming for on KUF. I've noticed my AC funds are reducing proportionally with the increase on KUF. I also get 1% cash back on debit card deposits, so the actual profit must be above my XIRR figure. Every little helps I've joined KUF and LP at about the same time and thought of them as the alternatives for MLA and AAs respectively - both worked well for me so far.
|
|
|
Post by pauliee on Apr 14, 2022 8:53:40 GMT
Happy New tax year is creating a purchasing loans issue, I was 20 mins after the email yesterday to find it was all gone.
Anyone managed a manual or is it all autoinvest in April as those ISA funds munch it all up before anyone else gets a sniff?
|
|
|
Post by Ace on Apr 14, 2022 8:58:48 GMT
Happy New tax year is creating a purchasing loans issue, I was 20 mins after the email yesterday to find it was all gone. Anyone managed a manual or is it all autoinvest in April as those ISA funds munch it all up before anyone else gets a sniff? I managed a manual chunk in yesterday's loan. There was several tens of thousands available at the time, but did go quickly.
|
|
|
Post by birdie on Apr 14, 2022 9:21:29 GMT
I was lucky enough to invest in two loans yesterday, I keep a daily watch and must have checked at the right time.
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,742
Likes: 3,137
|
Post by jonno on Apr 14, 2022 9:35:09 GMT
Happy New tax year is creating a purchasing loans issue, I was 20 mins after the email yesterday to find it was all gone. Anyone managed a manual or is it all autoinvest in April as those ISA funds munch it all up before anyone else gets a sniff? Mmm, ditto. All gone for me too.
|
|
|
Post by pauliee on Apr 14, 2022 10:44:24 GMT
Thanks all - will try and be quicker off the mark if we get the usual release before the weekend
|
|
|
Post by overthehill on Apr 14, 2022 11:02:43 GMT
Thanks all - will try and be quicker off the mark if we get the usual release before the weekend
You should get an email when new loans are added but it is usually sent out at the end of the day. It is normally very easy to get invested in kuflink esp if you're not that fussy, no cash drag.
|
|
tallsuk
Member of DD Central
Posts: 142
Likes: 125
|
Post by tallsuk on Apr 14, 2022 16:02:25 GMT
I had the same problem over the last few days but today's loans are larger and filling up far more slowly.
|
|
jcb208
Member of DD Central
Posts: 820
Likes: 606
|
Post by jcb208 on Apr 14, 2022 18:10:08 GMT
Interest rates increasing but Kuflink rate are decreasing, just 6.1% for todays loan in tier 1 If you want interest monthly. I believe this is the lowest rate yet
|
|
corto
Member of DD Central
one-syllabistic
Posts: 851
Likes: 356
|
Post by corto on Apr 14, 2022 18:36:37 GMT
Interest rates increasing but Kuflink rate are decreasing, just 6.1% for todays loan in tier 1 If you want interest monthly. I believe this is the lowest rate yet at 25% LTV; not sure how many loans in that area have been around
|
|
|
Post by overthehill on Apr 14, 2022 21:28:22 GMT
Interest rates increasing but Kuflink rate are decreasing, just 6.1% for todays loan in tier 1 If you want interest monthly. I believe this is the lowest rate yet at 25% LTV; not sure how many loans in that area have been around
That is probably a good risk/return but I don't invest in any devleopment loans under 7%. I just ignore the tiered loans as the interest rate steps have never been right. They've definitely been tinkering with it to improve them. I just can't be bothered utilising my brain to figure out the point of them and the potential banana skins. I always go with tier 1. Kuflink obviously think they are useful.
|
|
tallsuk
Member of DD Central
Posts: 142
Likes: 125
|
Post by tallsuk on Apr 14, 2022 22:13:17 GMT
As tier 1 returns capital AND interest before any other tier, with a 25% LTV 6.1% offers fantastic value. That is far better than the highly praised loanbook at LP. Even if there is a crash in the property market and a set of administrators are hired who go to town on their fees, tier 1 are still highly likely to get paid.
What amazes me is that tier 3 is filled up first even though they only offer an extra 1% for all the additional risk.
I do suspect I may have missed something as it has a feel of too good to be true.
|
|
|
Post by Ace on Apr 14, 2022 22:48:14 GMT
As tier 1 returns capital AND interest before any other tier, with a 25% LTV 6.1% offers fantastic value. That is far better than the highly praised loanbook at LP. Even if there is a crash in the property market and a set of administrators are hired who go to town on their fees, tier 1 are still highly likely to get paid. What amazes me is that tier 3 is filled up first even though they only offer an extra 1% for all the additional risk. I do suspect I may have missed something as it has a feel of too good to be true. I agree that it's good value. K still don't have a large enough rate difference between the tiers. I don't agree that is far better value than LP. Is a single 6.1% loan at 25% LTV safer than an auto diversified set of 146 4% loans at average LTVs of 43%? I'm not sure there's a definitive answer. I'm happy that both are low risk, but I've put more than 60 times more cash in the latter. Perhaps I just put more value on diversification.
|
|
tallsuk
Member of DD Central
Posts: 142
Likes: 125
|
Post by tallsuk on Apr 14, 2022 23:01:20 GMT
As tier 1 returns capital AND interest before any other tier, with a 25% LTV 6.1% offers fantastic value. That is far better than the highly praised loanbook at LP. Even if there is a crash in the property market and a set of administrators are hired who go to town on their fees, tier 1 are still highly likely to get paid. What amazes me is that tier 3 is filled up first even though they only offer an extra 1% for all the additional risk. I do suspect I may have missed something as it has a feel of too good to be true. I agree that it's good value. K still don't have a large enough rate difference between the tiers. I don't agree that is far better value than LP. Is a single 6.1% loan at 25% LTV safer than an auto diversified set of 146 4% loans at average LTVs of 43%? I'm not sure there's a definitive answer. I'm happy that both are low risk, but I've put more than 60 times more cash in the latter. Perhaps I just put more value on diversification. That is a very good point and I completely agree with you about diversification although that wide exposure costs the additional couple of percent. As part of a wider strategy I am also far more heavily invested in LP. What I was trying to highlight is the difference in value between the slowly filling 6.27% tier 1 (LTV 25%) and the already filled 7.22% tier 3 loans (LTV 65%) espcially if people are using ISA funds which will not be able to reclaim any losses.
|
|
|
Post by uksoul on Apr 15, 2022 0:31:21 GMT
As tier 1 returns capital AND interest before any other tier, with a 25% LTV 6.1% offers fantastic value. That is far better than the highly praised loanbook at LP. Even if there is a crash in the property market and a set of administrators are hired who go to town on their fees, tier 1 are still highly likely to get paid. What amazes me is that tier 3 is filled up first even though they only offer an extra 1% for all the additional risk. I do suspect I may have missed something as it has a feel of too good to be true. Many, like i used to, just look at the rate 7.22% and think it is the best as it has the highest rate. As others have mentioned there are other factors that counter that argument.
|
|