69m
Member of DD Central
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Post by 69m on Jul 11, 2022 17:21:49 GMT
I see that Kuflink has a new Buy To Let product (or it has been around for a while and I've only just noticed it?).
From the web site: "We now offer a Buy to Let product to our existing borrowers meaning they can refinance their original Bridging/development loan with us rather than having to go to a bank. The great news for our investors is that we can now offer you longer term investment (3 or 5 years) in the NEW Buy to Let Pool which pays you monthly. Buy to Let Pool is also IF-ISA and SIPP eligible."
It's an interesting concept, but unfortunately the rates, terms and LTVs don't look particularly attractive.
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Post by uksoul on Jul 11, 2022 19:33:31 GMT
It's a new product, part the new products launched 2022. Mezzanine loan is another recently launched new product.
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nyneil
Member of DD Central
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Post by nyneil on Jul 21, 2022 20:38:17 GMT
3% for 3 year term is not competitive, even ignoring the risk. MSE is showing 5 FSCS 2 year fixed savings offering over 3%; no doubt there will be even better than that before the year's out.
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Post by Ace on Jul 21, 2022 20:47:35 GMT
kuflink, how can you possibly expect to fund these offerings at below FSCS protected rates?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jul 21, 2022 21:17:55 GMT
3% for 3 year term is not competitive, even ignoring the risk. MSE is showing 5 FSCS 2 year fixed savings offering over 3%; no doubt there will be even better than that before the year's out. Any of them have the potential for instant penalty free access? ... I guess that's the differential
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Post by Ace on Jul 21, 2022 22:29:55 GMT
3% for 3 year term is not competitive, even ignoring the risk. MSE is showing 5 FSCS 2 year fixed savings offering over 3%; no doubt there will be even better than that before the year's out. Any of them have the potential for instant penalty free access? ... I guess that's the differential Could you point me to the BTL T&Cs please. I can't seem to find them. Unsurprisingly, it's not proven to be particularly attractive yet. Only £6k lent so far. Also, their diversification claim is a bit strong given that there is only 1 loan in the buy to let pool.
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Post by overthehill on Jul 22, 2022 9:30:25 GMT
3% for 3 year term is not competitive, even ignoring the risk. MSE is showing 5 FSCS 2 year fixed savings offering over 3%; no doubt there will be even better than that before the year's out.
I believe Kuflink is essentially a good company trying to grow, be profitable and provide investor opportunities. They don't get everything right first time, this is another example. Every platform has known for some time about inflation and the interest rate trajectory but very few have blinked and instead decided to make hay while the sun was shining and lock investors into lower rates which is fine. But the tide has turned and the borrowers need to get their feet wet.
I would like to see Kuflink make their IFISA flexible , removing that impediment in my view might help growth.
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rscal
Posts: 906
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Post by rscal on Jul 22, 2022 16:37:23 GMT
3% for 3 year term is not competitive, even ignoring the risk. MSE is showing 5 FSCS 2 year fixed savings offering over 3%; no doubt there will be even better than that before the year's out.
I believe Kuflink is essentially a good company trying to grow, be profitable and provide investor opportunities. They don't get everything right first time, this is another example. Every platform has known for some time about inflation and the interest rate trajectory but very few have blinked and instead decided to make hay while the sun was shining and lock investors into lower rates which is fine. But the tide has turned and the borrowers need to get their feet wet.
I would like to see Kuflink make their IFISA flexible , removing that impediment in my view might help growth.
(In what way isn't it flexible at present?)
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Post by overthehill on Jul 24, 2022 14:49:18 GMT
I believe Kuflink is essentially a good company trying to grow, be profitable and provide investor opportunities. They don't get everything right first time, this is another example. Every platform has known for some time about inflation and the interest rate trajectory but very few have blinked and instead decided to make hay while the sun was shining and lock investors into lower rates which is fine. But the tide has turned and the borrowers need to get their feet wet.
I would like to see Kuflink make their IFISA flexible , removing that impediment in my view might help growth.
(In what way isn't it flexible at present?)
In the IFISA rules way. Practically, if you withdraw money, you lose the IFISA allowance.
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Post by Ace on Nov 18, 2022 18:00:53 GMT
According to P2PFN Kuflink are going to launch their buy to let product next year. A bit odd since it's been available for the past 4 months. Perhaps they just mean that they will raise the rates to a level where it's not instantly rejected due to the rates being way below FSCS protected equivalents. See p2pfinancenews.co.uk/2022/11/17/kuflink-readies-for-new-product-launches/. |
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Post by df on Nov 18, 2022 18:52:00 GMT
According to P2PFN Kuflink are going to launch their buy to let product next year. A bit odd since it's been available for the past 4 months. Perhaps they just mean that they will raise the rates to a level where it's not instantly rejected due to the rates being way below FSCS protected equivalents. See p2pfinancenews.co.uk/2022/11/17/kuflink-readies-for-new-product-launches/. I'm curious how successful this offer had been so far. I can't imagine many investors finding long term 2.5%-3% BTL attractive. I find KUF's BTL offer strange.
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Post by Ace on Nov 18, 2022 19:20:25 GMT
According to P2PFN Kuflink are going to launch their buy to let product next year. A bit odd since it's been available for the past 4 months. Perhaps they just mean that they will raise the rates to a level where it's not instantly rejected due to the rates being way below FSCS protected equivalents. See p2pfinancenews.co.uk/2022/11/17/kuflink-readies-for-new-product-launches/. I'm curious how successful this offer had been so far. I can't imagine many investors finding long term 2.5%-3% BTL attractive. I find KUF's BTL offer strange. The answer would appear to be £11,699.16. It looks like there is currently a single £110,500 loan in the BTL pool with £98,800.84 still available for investment.
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