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Post by overthehill on Mar 14, 2024 12:48:34 GMT
I'm not having any of those desktop valuations. I recommend checking the sold prices of other properties and ensuring the LTV is as low as possible. I like Kuflink but something is off with the algorithm or the input data !
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,008
Likes: 574
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Post by dave4 on Mar 14, 2024 13:50:09 GMT
I have always felt this, kuff I feel is 15% to 25% optimistic at loan Creation. The all p2p i feel is optimistic to some extent or another
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Post by Badly Drawn Stickman on Apr 4, 2024 14:29:19 GMT
I note that todays Email is proposing we discover hidden gems in the property market.....
I am no longer sure who the target market is, but if that's the pitch it clearly isn't me. School children on tipchat maybe?
for reference I made up tipchat, I have no idea what school children use.
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rocky1
Member of DD Central
Posts: 1,121 
Likes: 1,940
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Post by rocky1 on Apr 4, 2024 14:48:16 GMT
fintech jargon/marketing hidden gems and property treasures who are they bloody kidding.concentrate on bringing quality loans with borrowers who are going to pay back our monies on time as per agreements. KF marketing you are not talking to starry eyed lenders when it comes to new loans.
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Post by overthehill on Apr 4, 2024 15:19:59 GMT
fintech jargon/marketing hidden gems and property treasures who are they bloody kidding.concentrate on bringing quality loans with borrowers who are going to pay back our monies on time as per agreements. KF marketing you are not talking to starry eyed lenders when it comes to new loans.
unfortunately it's a proven financial strategy across the globe. Trump's big sell still hasn't run out of rubes despite his decades of financial failures.
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deltron
Member of DD Central
Posts: 54
Likes: 66
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Post by deltron on Apr 8, 2024 21:38:30 GMT
The desktop valuations unsettle me too. So many of the issues with P2P have been with questionable valuations. One of the loans currently available is a property that hasn't been sold since 1999. So there has been no objective valuation from the market for 25 years. It could be a wreck inside. The rear walls could be subsiding. Japanese knotweed might be rife. Nobody knows. Along with a minimum investment of £500 it just feels like too much of a risk. And once that money has changed hands it's yours, warts and all.
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Post by overthehill on Apr 9, 2024 8:47:09 GMT
The desktop valuations unsettle me too. So many of the issues with P2P has been with questionable valuations. One of the loans currently available is a property that hasn't been sold since 1999. So there has been no objective valuation from the market for 25 years. It could be a wreck inside. The rear walls could be subsiding. Japanese knotweed might be rife. Nobody knows. Along with a minimum investment of £500 it just feels like too much of a risk. And once that money has changed hands it's yours, warts and all.
Desktop valuations are a joke. My analysis concludes that the algorithm just takes the highest sold price within 1/4 mile for a similar house in previous 3 years. The one you're referring to has a 85k difference between market and 90 day valuation ? The latter could be closer to the real valuation. The LTV on this one is 40% so probably a decent loan.
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Post by Ace on Apr 11, 2024 13:22:09 GMT
I notice that Kuflink has stopped even mentioning the fact that the valuation is based on a desktop method in the Lending Case. They used to mention it and highlight the fact in bold.
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Post by overthehill on Apr 11, 2024 13:45:22 GMT
I notice that Kuflink has stopped even mentioning the fact that the valuation is based on a desktop method in the Lending Case. They used to mention it and highlight the fact in bold.
I'm not receiving new deal emails about new loans, I assumed it was because my cash in account was zero but now it is > 0. I can only see one box for email notifications and that is working for other types of emails.
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Post by Ace on Apr 11, 2024 13:51:19 GMT
I notice that Kuflink has stopped even mentioning the fact that the valuation is based on a desktop method in the Lending Case. They used to mention it and highlight the fact in bold.
I'm not receiving new deal emails about new loans, I assumed it was because my cash in account was zero but now it is > 0. I can only see one box for email notifications and that is working for other types of emails. I wasn't referring to the emails, but to the Lending Case on the loan details. I have email and TEXT/SMS notifications on. It seems a bit hit and miss whether I get an email notification, and I've never received one via text/sms.
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Post by scepticalinvestor on Apr 11, 2024 15:13:20 GMT
I notice that Kuflink has stopped even mentioning the fact that the valuation is based on a desktop method in the Lending Case. They used to mention it and highlight the fact in bold. Cheeky, but consistent with scooter’s observations on KUF’s comms philosophy re valuations. Unfortunately, this omission will probably not be noticed by most lenders outside these forums.
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Post by overthehill on Apr 11, 2024 16:01:55 GMT
I'm not receiving new deal emails about new loans, I assumed it was because my cash in account was zero but now it is > 0. I can only see one box for email notifications and that is working for other types of emails. I wasn't referring to the emails, but to the Lending Case on the loan details. I have email and TEXT/SMS notifications on. It seems a bit hit and miss whether I get an email notification, and I've never received one via text/sms.
Yep I know, should've replied rather quoted, I'll get the terminology right.
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Post by df on Apr 11, 2024 21:20:14 GMT
I notice that Kuflink has stopped even mentioning the fact that the valuation is based on a desktop method in the Lending Case. They used to mention it and highlight the fact in bold.
I'm not receiving new deal emails about new loans, I assumed it was because my cash in account was zero but now it is > 0. I can only see one box for email notifications and that is working for other types of emails. My cash account is at £0, but I'm still receiving e-mails about new "deals".
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rocky1
Member of DD Central
Posts: 1,121
Likes: 1,940
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Post by rocky1 on Apr 17, 2024 16:10:16 GMT
does KF have opt out of auto invest on loans like CP. noticed latest 3 tier loan pic**dy st which failed miserably to get funded has tier 2 funded to the the tune of 142k and tier 3 funded to the tune of 200k by auto invest. i am not in auto invest but not sure i would like my funds being put into certain loans especially one with a desk top valuation at over 71% LTV. it ssems they get their fees one way or another thanks to lenders in auto invest.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,008
Likes: 574
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Post by dave4 on Apr 17, 2024 16:14:30 GMT
does KF have opt out of auto invest on loans like CP. noticed latest 3 tier loan pic**dy st which failed miserably to get funded has tier 2 funded to the the tune of 142k and tier 3 funded to the tune of 200k by auto invest. i am not in auto invest but not sure i would like my funds being put into certain loans especially one with a desk top valuation at over 71% LTV. it ssems they get their fees one way or another thanks to lenders in auto invest. Don't think an opt out option is available.
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