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Post by pauliee on Apr 15, 2022 7:34:57 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 took the tier 2 at 6.8 and 45% LTV, seems like there really is something for everyone. One of the things I like with Kuf is the wind down plan has Kuf employees doing the wind down task, not the receivers with £1k+ day rates.
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corto
Member of DD Central
one-syllabistic
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Post by corto on Apr 15, 2022 8:15:45 GMT
To come back to the original question. Are K's rates sinking? I am not so sure and suggested the 6.27 is justified by the low LTV. However, a few months ago I also suspected sinking rates on average. Any opinions?
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tallsuk
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Post by tallsuk on Apr 15, 2022 8:24:16 GMT
Looking back over the last 6 months, I dont think there is a drop in rates. This tier 1 loan is the lowest I have seen but I dont think that there is much, if any, change overall.
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Post by uksoul on Apr 15, 2022 8:53:02 GMT
There are more lower rate loans on the platform but that goes for other p2p platforms as well. Overall i think the rates are not vastly different than previous years.
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Post by Badly Drawn Stickman on Apr 15, 2022 12:48:03 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 took the tier 2 at 6.8 and 45% LTV, seems like there really is something for everyone. One of the things I like with Kuf is the wind down plan has Kuf employees doing the wind down task, not the receivers with £1k+ day rates. The LTV seems to be being accepted quite willingly. A relatively quick bit of research suggests it may not be as rock solid as suggested. Tier 1 seems a fairly reasonable bet so the rate would seem equally reasonable. Tier 3 seems vulnerable if things don't go according to plan (which of course they always do) 0.5% extra interest over the life of the loan?
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firedog
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Post by firedog on Apr 22, 2022 8:31:15 GMT
Someone smarter than me might have figured this out already, but thought it worth sharing that if you top up your Kuflink wallet via debit card, you may benefit from any cashback that card offers.
Certainly I used my new Chase Bank account to top-up this week and got 1% cashback on the deposit. Effectively it adds 1% to your return (or to put it another way effectively a Tier 3 return for a Tier 1 risk)
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Apr 22, 2022 9:00:05 GMT
Someone smarter than me might have figured this out already, but thought it worth sharing that if you top up your Kuflink wallet via debit card, you may benefit from any cashback that card offers. Certainly I used my new Chase Bank account to top-up this week and got 1% cashback on the deposit. Effectively it adds 1% to your return. welcome to the 1% + club
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Post by Ace on Apr 22, 2022 9:36:30 GMT
Someone smarter than me might have figured this out already, but thought it worth sharing that if you top up your Kuflink wallet via debit card, you may benefit from any cashback that card offers. Certainly I used my new Chase Bank account to top-up this week and got 1% cashback on the deposit. Effectively it adds 1% to your return (or to put it another way effectively a Tier 3 return for a Tier 1 risk) Is there anything to stop you repeatedly withdrawing the funds and re-depositing multiple times? 🤔 Asking for a friend as I don't have a chase card.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,004
Likes: 572
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Post by dave4 on Apr 22, 2022 9:51:12 GMT
Someone smarter than me might have figured this out already, but thought it worth sharing that if you top up your Kuflink wallet via debit card, you may benefit from any cashback that card offers. Certainly I used my new Chase Bank account to top-up this week and got 1% cashback on the deposit. Effectively it adds 1% to your return (or to put it another way effectively a Tier 3 return for a Tier 1 risk) Is there anything to stop you repeatedly withdrawing the funds and re-depositing multiple times? 🤔 Asking for a friend as I don't have a chase card. only good morals and a good upbringing. (i think kuff would catch on eventually,i do withdraw all funds then redeposit with debit card when a loan appears, feel a small twinge of guilt, and richer...but...... post office and NSI on the otherhand.........
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Post by df on Apr 22, 2022 16:47:48 GMT
Someone smarter than me might have figured this out already, but thought it worth sharing that if you top up your Kuflink wallet via debit card, you may benefit from any cashback that card offers. Certainly I used my new Chase Bank account to top-up this week and got 1% cashback on the deposit. Effectively it adds 1% to your return (or to put it another way effectively a Tier 3 return for a Tier 1 risk) The is a list of purchases that are not entitled to cash back in Chase's t&c, depositing for investment is one of them. I bought some Euros from bureau de change and indeed there was no cash back, but in case of KUF it seems to work... for identification, Chase has a list of businesses on their system and it looks like KUF is not on their list. I get 1% on all my KUF deposits since I've got this card. It is an invitation to game the system, but I just can't do it (it will be unfair on KUF staff who are processing the payments), I deposit only what I intend to invest.
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Post by df on Apr 22, 2022 17:00:39 GMT
Someone smarter than me might have figured this out already, but thought it worth sharing that if you top up your Kuflink wallet via debit card, you may benefit from any cashback that card offers. Certainly I used my new Chase Bank account to top-up this week and got 1% cashback on the deposit. Effectively it adds 1% to your return (or to put it another way effectively a Tier 3 return for a Tier 1 risk) Is there anything to stop you repeatedly withdrawing the funds and re-depositing multiple times? 🤔 Asking for a friend as I don't have a chase card. How come? Everyone must have this card It's the best card you can get atm.... 1% on purchases, 1.5% on savings account and the app is so easy to use.
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Post by Ace on Apr 22, 2022 17:19:42 GMT
Is there anything to stop you repeatedly withdrawing the funds and re-depositing multiple times? 🤔 Asking for a friend as I don't have a chase card. How come? Everyone must have this card It's the best card you can get atm.... 1% on purchases, 1.5% on savings account and the app is so easy to use. You're right, I probably should. I wouldn't use the 1.5% savings account (I prefer Loanpad despite the extra risk), but the 1% cashback is a good deal. I can't believe the Kuflink cashback will continue for long, and I wonder whether they can reclaim the cashback once they realise its for an investment.
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Post by df on Apr 22, 2022 17:48:16 GMT
How come? Everyone must have this card It's the best card you can get atm.... 1% on purchases, 1.5% on savings account and the app is so easy to use. You're right, I probably should. I wouldn't use the 1.5% savings account (I prefer Loanpad despite the extra risk), but the 1% cashback is a good deal. I can't believe the Kuflink cashback will continue for long, and I wonder whether they can reclaim the cashback once they realise its for an investment. Not sure if banks can reclaim cash back, but it would probably be a very costly action. I'd imagine, if they notice it they will just add KUF to their list and any further cash backs will stop.
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Post by Ace on Apr 22, 2022 17:51:43 GMT
You're right, I probably should. I wouldn't use the 1.5% savings account (I prefer Loanpad despite the extra risk), but the 1% cashback is a good deal. I can't believe the Kuflink cashback will continue for long, and I wonder whether they can reclaim the cashback once they realise its for an investment. Not sure if banks can reclaim cash back, but it would probably be a very costly action. I'd imagine, if they notice it they will just add KUF to their list and any further cash backs will stop. I've just signed up. It says it could take a day to validate, so guipure probably got about 24 hours to make deposits before they ban casks on Kuflink 😉. Has anyone found that chase cashback works with other platforms?
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Apr 22, 2022 18:05:53 GMT
Not sure if banks can reclaim cash back, but it would probably be a very costly action. I'd imagine, if they notice it they will just add KUF to their list and any further cash backs will stop. I've just signed up. It says it could take a day to validate, so guipure probably got about 24 hours to make deposits before they ban casks on Kuflink 😉. Has anyone found that chase cashback works with other platforms? "Has anyone found that chase cashback works with other P2P platforms?" is probably a thread all in itself. Ace go start 1
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