rocky1
Member of DD Central
Posts: 1,119
Likes: 1,939
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Post by rocky1 on Aug 9, 2021 13:52:10 GMT
not a lot of appetite at the moment for these tiered loans.to many special assumptions and other assumptions in the valuations to arrive at LTGV. the latest sloping,grazing land was purchased by our borrower in january 21 for 1.5m and with assumptions is worth over 4m with offers already there.why would the borrower not take up one of these offers and enjoy his massive profit.
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Post by overthehill on Aug 9, 2021 15:23:00 GMT
I see they are trying to modify the tier system but the interest rate margins between the top and bottom tiers are still not high enough but are less derisory.
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Post by gramsky on Aug 11, 2021 10:35:07 GMT
I was considering opening an ISA with Kuflink and opened a standard account to see what the website was like and what loans were available. I then learn that there is no secondary market in the Kuflink ISA unlike in other P2P sites. So it is impossible to withdraw your money before the loan expires and is repaid. So I have forgotten the idea. Now I keep getting emails from Kuflink reminding me I have not completed registration or made any investment. Yet following this thread there are no loans to invest in anyway.
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Post by kuflink on Aug 13, 2021 9:33:00 GMT
Just an update for you all, amount invested and interest accrued is now showing on the portfolio screen without having to click into each deal. Thanks again for the feedback
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Post by Ace on Aug 13, 2021 11:33:14 GMT
Just an update for you all, amount invested and interest accrued is now showing on the portfolio screen without having to click into each deal. Thanks again for the feedback I welcome the update, but don't understand why you would only show interest accrued for loans where compounding has been selected. Instead of "Interest Accrued Payable on Maturity" why not simply show "Interest Accrued"? That way it would apply to both loans where monthly interest is selected and loans where compounding has been selected. I suspect that the current figure doesn't actually show the full interest accrued, but just that up to the last full month. I.e. if a loan was started on the first of the month, today it would be 12 days short of the full interest accrued, which is not obvious from the text provided. Also, could you please fix the "TOTAL ACTIVE INTEREST PAID" for auto invest loans. It currently shows the total of interest paid + interest accrued. It would be much clearer if these two elements were displayed separately. I've suggested this many times to Kuflink CS, but have so far been ignored.
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Post by df on Aug 13, 2021 20:41:57 GMT
I was considering opening an ISA with Kuflink and opened a standard account to see what the website was like and what loans were available. I then learn that there is no secondary market in the Kuflink ISA unlike in other P2P sites. So it is impossible to withdraw your money before the loan expires and is repaid. So I have forgotten the idea. Now I keep getting emails from Kuflink reminding me I have not completed registration or made any investment. Yet following this thread there are no loans to invest in anyway. There are loans to invest, but ISA option doesn't look attractive, especially if you want liquidity.
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Post by gramsky on Aug 14, 2021 8:21:22 GMT
I was considering opening an ISA with Kuflink and opened a standard account to see what the website was like and what loans were available. I then learn that there is no secondary market in the Kuflink ISA unlike in other P2P sites. So it is impossible to withdraw your money before the loan expires and is repaid. So I have forgotten the idea. Now I keep getting emails from Kuflink reminding me I have not completed registration or made any investment. Yet following this thread there are no loans to invest in anyway. There are loans to invest, but ISA option doesn't look attractive, especially if you want liquidity. i have a couple of questions regarding the ISA that maybe someone can answer:- 1. Are both Self-Select and Auto-Invest available in the ISA? 2. How does the 1, 3 & 5 year terms work? If I opt for 1 year will I only be invested in loans with a maximum of 1 year term or would I be invested in loans with longer terms but I am repaid after 1 year? 3. And how is the amount invested in each loan controlled? Thanks
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Post by Ace on Aug 14, 2021 9:02:45 GMT
There are loans to invest, but ISA option doesn't look attractive, especially if you want liquidity. i have a couple of questions regarding the ISA that maybe someone can answer:- 1. Are both Self-Select and Auto-Invest available in the ISA? 2. How does the 1, 3 & 5 year terms work? If I opt for 1 year will I only be invested in loans with a maximum of 1 year term or would I be invested in loans with longer terms but I am repaid after 1 year? 3. And how is the amount invested in each loan controlled? Thanks 1. Yes, but can't invest in self-select via ISA if the funds were transferred-in from another ISA manager. Kuflink say they are going to fix this. 2. I'm not 100% sure here, but my understanding is that you could pick up loans of any length, and that they would be passed on to other investors or Kuflink if still performing at the end of your 1 year. You would not receive the funds from any loans in default until the issue was resolved. 3. At the whim of Kuflink.
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Post by gramsky on Aug 14, 2021 9:28:57 GMT
i have a couple of questions regarding the ISA that maybe someone can answer:- 1. Are both Self-Select and Auto-Invest available in the ISA? 2. How does the 1, 3 & 5 year terms work? If I opt for 1 year will I only be invested in loans with a maximum of 1 year term or would I be invested in loans with longer terms but I am repaid after 1 year? 3. And how is the amount invested in each loan controlled? Thanks 1. Yes, but can't invest in self-select via ISA if the funds were transferred-in from another ISA manager. Kuflink say they are going to fix this. 2. I'm not 100% sure here, but my understanding is that you could pick up loans of any length, and that they would be passed on to other investors or Kuflink if still performing at the end of your 1 year. You would not receive the funds from any loans in default until the issue was resolved. 3. At the whim of Kuflink. 1. I can't see what difference it makes, money is money. 2. As I thought. 3. Sounds dodgy and I am getting this Assetz Capital deja vu feeling: so 100% of my money could get lost in one loan if it defaulted.
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Post by Ace on Aug 14, 2021 9:44:51 GMT
1. Yes, but can't invest in self-select via ISA if the funds were transferred-in from another ISA manager. Kuflink say they are going to fix this. 2. I'm not 100% sure here, but my understanding is that you could pick up loans of any length, and that they would be passed on to other investors or Kuflink if still performing at the end of your 1 year. You would not receive the funds from any loans in default until the issue was resolved. 3. At the whim of Kuflink. 1. I can't see what difference it makes, money is money. 2. As I thought. 3. Sounds dodgy and I am getting this Assetz Capital deja vu feeling: so 100% of my money could get lost in one loan if it defaulted. Your autoinvest would certainly be invested across multiple loans, so wouldn't lose everything in one loan. I have one very small test investment in auto. I just had a quick look to see which loans my funds are in and how many, but couldn't find a way to do it. Kuflink's website is improving, but it's really not very good. I'm off out now, so no time for a deeper investigation. Hopefully someone more knowledgeable will be able to enlighten us.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 998
Likes: 569
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Post by dave4 on Aug 14, 2021 9:46:36 GMT
kuflink would you be able to clarify on the above points please.
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Post by gramsky on Aug 15, 2021 18:08:14 GMT
1. I can't see what difference it makes, money is money. 2. As I thought. 3. Sounds dodgy and I am getting this Assetz Capital deja vu feeling: so 100% of my money could get lost in one loan if it defaulted. Your autoinvest would certainly be invested across multiple loans, so wouldn't lose everything in one loan. I have one very small test investment in auto. I just had a quick look to see which loans my funds are in and how many, but couldn't find a way to do it. Kuflink's website is improving, but it's really not very good. I'm off out now, so no time for a deeper investigation. Hopefully someone more knowledgeable will be able to enlighten us. OK so having funded my standard account I assume minimum investment is £100. But if I buy say £1000 worth of a loan can I then sell say £500 worth on the secondary market at a later date to achieve diversification? Thanks
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Post by Ace on Aug 15, 2021 18:55:39 GMT
Your autoinvest would certainly be invested across multiple loans, so wouldn't lose everything in one loan. I have one very small test investment in auto. I just had a quick look to see which loans my funds are in and how many, but couldn't find a way to do it. Kuflink's website is improving, but it's really not very good. I'm off out now, so no time for a deeper investigation. Hopefully someone more knowledgeable will be able to enlighten us. OK so having funded my standard account I assume minimum investment is £100. But if I buy say £1000 worth of a loan can I then sell say £500 worth on the secondary market at a later date to achieve diversification? Thanks You need to invest a minimum of £100 total on the platform, but you can invest much lower than that in each loan. From memory, I think the minimum you can invest in one loan is the smallest amount that would generate at least 1p of interest per month. If you invested £1000 in a loan then that would be the only amount that you could sell on the SM. It's easy to get around this by making multiple investments in the same loan, e.g. two investments of £500 then sell one of them later.
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Post by gramsky on Aug 15, 2021 18:57:29 GMT
OK so having funded my standard account I assume minimum investment is £100. But if I buy say £1000 worth of a loan can I then sell say £500 worth on the secondary market at a later date to achieve diversification? Thanks You need to invest a minimum of £100 total on the platform, but you can invest much lower than that in each loan. From memory, I think the minimum you can invest in one loan is the smallest amount that would generate at least 1p of interest per month. If you invested £1000 in a loan then that would be the only amount that you could sell on the SM. It's easy to get around this by making multiple investments in the same loan, e.g. two investments of £500 then sell one of them later. OK thanks, that is what I do with RElendex, their minimum is £500 per loan so I invest 2x£500. I cant understand why some buy say £10,000 worth in one lump and have trouble selling later. Far better to buy 20x£500 worth.
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Post by df on Aug 15, 2021 19:33:51 GMT
OK so having funded my standard account I assume minimum investment is £100. But if I buy say £1000 worth of a loan can I then sell say £500 worth on the secondary market at a later date to achieve diversification? Thanks You need to invest a minimum of £100 total on the platform, but you can invest much lower than that in each loan. From memory, I think the minimum you can invest in one loan is the smallest amount that would generate at least 1p of interest per month. That what is says. I didn't understand this part. Interest rates are roughly 6%-7%. Some 'minimums' are as little as £2 (that's 1p p/m), some other loans I've seen were around £25 (which should pay about 15p). Not a problem for me, but just curious what's the logic behind such wide range of 'minimums'?
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