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Post by overthehill on May 31, 2021 13:30:58 GMT
I haven't been doing much research on Kuflink as I've only got 5k invested so far.
It is notable that there are 306 repaid loans which state 'repaid in full' so there are no investor capital or interest losses as of yet, correct ?
It also says all 170 active loans are perfroming, correct ?
For the first time today, I've seen sales on the secondary market but it's peanuts.
It all appears extremely impressive and well done to Kuflink but I still won't be investing in any development loan below 7%.
The tier system is still bonkers...
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Post by uksoul on May 31, 2021 16:41:58 GMT
I haven't been doing much research on Kuflink as I've only got 5k invested so far.
It is notable that there are 306 repaid loans which state 'repaid in full' so there are no investor capital or interest losses as of yet, correct ?
It also says all 170 active loans are perfroming, correct ?
For the first time today, I've seen sales on the secondary market but it's peanuts.
It all appears extremely impressive and well done to Kuflink but I still won't be investing in any development loan below 7%.
The tier system is still bonkers...
no investor capital/interest losses to date. I have one loan in default which is being sold. They are on the ball when it come to recovering debt, sell the property quite fast and then repay investors. I also focus on 7%+ for development loans.
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Nomad
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Post by Nomad on Jun 1, 2021 14:56:23 GMT
It all appears extremely impressive and well done to Kuflink but I still won't be investing in any development loan below 7%.
Nor will I. My "blended return" on Capital Rise is around 8%, and the 12 upcoming loans on Crowd Property average 7.5%.
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m2btj
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Post by m2btj on Jul 8, 2021 16:04:40 GMT
There's a decent stream of loans coming thorough but I've noticed a number of them well above £1m. In fact, the WV1 loan is an eye watering £4.5m. I've got no appetite for these loans, regardless of LTV. They are the Titanic's of loans, when they go down they take everything down with them!
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Post by birdie on Jul 9, 2021 8:15:23 GMT
There's a decent stream of loans coming thorough but I've noticed a number of them well above £1m. In fact, the WV1 loan is an eye watering £4.5m. I've got no appetite for these loans, regardless of LTV. They are the Titanic's of loans, when they go down they take everything down with them! I tend to air on the cautious side as well, the big loans don't appeal to me at all.
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 7, 2021 7:58:21 GMT
Available. 15 loans
2 in tiers lowest ltv is 15%.
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p2pfan
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Full-Time Investor
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Post by p2pfan on Aug 7, 2021 13:06:53 GMT
Available. 15 loans 2 in tiers lowest ltv is 15%. Appreciate the heads up. I've noticed there's a huge number of loans on Kuflink, but the reason they are not filling up is they are almost all very high risk development loans in tertiary locations that pay little for the risks involved. For the very high risks involved, the commission rates are measly, at almost all being below 7%. Unlike other platforms, you don't even get monthly interest (unless you choose that option, then get even lower rates) or higher interest if the loans significantly overrun, which they very regularly do because Kuflink, like all P2P platforms, is heavily biased in favour of borrowers and their needs. As pointed out in posts above, other platforms pay much higher rates for loans with a similar risk profile. In all fairness to Kuflink, they are a good platform in a variety of ways and deserve a pat on the back for their generally excellent customer service etc.
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Post by df on Aug 7, 2021 14:48:25 GMT
Available. 15 loans 2 in tiers lowest ltv is 15%. Not really 15 If a loan is split into multiple tranches or tiers it is still one loan. I can see 10 loans there, 4 of which are the existing loans that need more funding. Out of all 10 I could only invest in 1 yesterday, because I'm already in the rest of them and don't want to be overexposed (learned that from Lendy ).
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Post by overthehill on Aug 7, 2021 17:01:30 GMT
I've no complaints with Kuflink, yet. I agree the rates for their average development loans in an average area are borderline. There are better bridging loans at better rates at lower LTV on other platforms. They should have no problem making a profit which is in everyone's interest. It's about striking the right balance, it's our money at risk.
Does anybody know their charging structure when a loan gets into difficulty. I'm getting out of AC because of theirs, as far as I can tell the lender gets very little or nothing out of it.
I'm curious about how the loans are filled. They seem to fill like a drip feed, slow and steady doesn't do it justice. It just seems strange compared to other platforms. Do they use underwriters ?
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Post by Ace on Aug 7, 2021 17:40:57 GMT
I've no complaints with Kuflink, yet. I agree the rates for their average development loans in an average area are borderline. There are better bridging loans at better rates at lower LTV on other platforms. They should have no problem making a profit which is in everyone's interest. It's about striking the right balance, it's our money at risk.
Does anybody know their charging structure when a loan gets into difficulty. I'm getting out of AC because of theirs, as far as I can tell the lender gets very little or nothing out of it.
I'm curious about how the loans are filled. They seem to fill like a drip feed, slow and steady doesn't do it justice. It just seems strange compared to other platforms. Do they use underwriters ?
Here's what the lender T&Cs say on the subject: All a bit vague really. In practice, I've never been paid any extra above the stated regular interest when loans have run into default, but the full capital and interest has always been recovered. This is in sharp contrast to the likes of CP who charge an extra 2% during default and pass it on to the lenders. From memory, I think that one of Kuflink's companies prefunds the loans before they become available to us
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Post by overthehill on Aug 7, 2021 19:03:00 GMT
I won't be investing a lot in a platform which obfuscates the complete postcode, primarily because I don't know why and secondly i've got better things to do than reverse engineer the postcode of every property I'm thinking of investing in.
What is the better credit score ? satisfactory or reasonable.
The portfolio summary table should show how much you have invested in each property and preferably the accrued interest. Alternative is to click on every loan, eh no.
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sussexpeer
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If you don't make a plan, you'll end up where you're headed.
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Post by sussexpeer on Aug 8, 2021 18:48:37 GMT
I won't be investing a lot in a platform which obfuscates the complete postcode, primarily because I don't know why and secondly i've got better things to do than reverse engineer the postcode of every property I'm thinking of investing in.
What is the better credit score ? satisfactory or reasonable.
The portfolio summary table should show how much you have invested in each property and preferably the accrued interest. Alternative is to click on every loan, eh no.
You raise excellent points, overthehill. The identities of the borrowers/ developers are secret, the exact development location is a secret, the planning application is secret, there's very little info/ drawings about what the development actually looks like, and very little info is given about other non-Kuflink devs that the borrower has been involved in. I too have no idea what a Satisfactory vs Reasonable credit score is. And I have two separate developments being run by the same borrower; on one his credit score is "Good" and on the other it's merely "Reasonable". Agreed, it's annoying not to see the Value of one's investments on the portfolio summary, yet they show the rather meaningless "Loan Rating" - because it's almost always A3 or B1. But... I do like Kuflink's regular development updates, and they do seem to chase defaulters to ground quite effectively. So overall, I'm reasonably happy to continue investing with Kuflink.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 8, 2021 20:39:18 GMT
"The identities of the borrowers/ developers are secret, the exact development location is a secret, the planning application is secret, there's very little info/ drawings about what the development actually looks like, and very little info is given about other non-Kuflink devs that the borrower has been involved in." Blimey, has NOTHING been learned from the P2P Platform failures to date?! I mean, talk about Thousands Of Massive Red Flags Flapping Furiously In The Wind - there's a "theme" here boys & girls. Caveat Emptor indeed!
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Post by kuflink on Aug 9, 2021 8:12:02 GMT
Good morning, with regards to the credit scores, 'Satisfactory' is a better credit score than 'Reasonable', with regards to the same borrower having different credit scores, it could be that the borrowers are Ltd Companies with one common director (hence we have said it is linked). Please feel free to get in touch with our Investor Relations Team and we can look into this further for you.
Regarding funding, we place the deals on the platform and then if they are not funded by investors by the time the borrower is ready to complete, we will fund these ourselves where possible.
We are currently working on being able to add photos and updates of developments into each deal so that our investors are able to see the progress being made.
I have also passed the feedback to the relevant team regarding amount invested and interest accrued showing on the portfolio screen, this is now being looked at.
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 9, 2021 11:35:59 GMT
Always good to see kuflink responding, all good points raised above.
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