firedog
Member of DD Central
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Post by firedog on Feb 26, 2024 16:29:24 GMT
Has the single-year option disappeared then?
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Post by Ace on Feb 26, 2024 17:01:16 GMT
Has the single-year option disappeared then? Yep, it has for me.
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Post by Ace on Apr 9, 2024 13:54:20 GMT
Kuflink have replaced their valentine rate offer on their auto account with a new limited time offer (up to 10 am on April 9th). Prepare to be deluged with emails. 2 years at 9.6% pa. 3 years at 8% pa. 5 years at 7% pa. I note that there was no mention of the real rates in the promotional email, but they are on the website. New rates as of today are: 1 year at 10.25% pa. 2 years at 8.5% pa. 3 years at 7% pa. I'm tempted by the 1 year.
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firedog
Member of DD Central
Posts: 367
Likes: 461
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Post by firedog on Apr 9, 2024 15:12:05 GMT
That's a decent offer tbf - especially coming as my existing autoinvest – at a measly 6.5% - is due to expire at the end of the month.
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qwakuk
Member of DD Central
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Post by qwakuk on Apr 12, 2024 19:26:53 GMT
In case it helps anyone, message I sent a coupe of days ago
Existing customer and interested in the latest One Year IFISA offer @ 10.25%. Mentions diversify your funds across multiple secured loans, but if I added say £10,000 is there a guarantee that I would not be auto invested into multiple tranches of the same loan ?
Secondly - what is the maximum that would be invested in each individual loan ?
Thirdly - I have an existing Auto IFISA and looking in the loan breakdown I seem to be invested in numerous tranches of some loans - any comment before I decide if I invest in the current offer ?
They responded today
With our Auto product, you cannot specify which loans you wish for your funds to be diversified against. This does mean that your funds are likely to be split across different tranches of a loan.
The amount invested into each loan can completely vary, but for a £10,000.00 investment based off the current pool you are looking at a maximum of approximately £425.00 into an individual loan. As mentioned, the split completely varies so in other loans you could be looking at a few pounds.
Undecided at present
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Post by Ace on Apr 12, 2024 19:39:15 GMT
In case it helps anyone, message I sent a coupe of days ago Existing customer and interested in the latest One Year IFISA offer @ 10.25%. Mentions diversify your funds across multiple secured loans, but if I added say £10,000 is there a guarantee that I would not be auto invested into multiple tranches of the same loan ?
Secondly - what is the maximum that would be invested in each individual loan ?
Thirdly - I have an existing Auto IFISA and looking in the loan breakdown I seem to be invested in numerous tranches of some loans - any comment before I decide if I invest in the current offer ?
They responded today With our Auto product, you cannot specify which loans you wish for your funds to be diversified against. This does mean that your funds are likely to be split across different tranches of a loan.
The amount invested into each loan can completely vary, but for a £10,000.00 investment based off the current pool you are looking at a maximum of approximately £425.00 into an individual loan. As mentioned, the split completely varies so in other loans you could be looking at a few pounds. Undecided at present It would be far more diversified than investing in the self-select loans, where the minimum investment per loan is £500 (unless they are previous year ISA funds). And 10.25% is a higher rate than you're likely to be able to average in self-select. And there's no cash drag. The disadvantage is that you can't access the funds in auto until they mature. One advantage of investing in a 1 year auto ISA now is that they will be previous year funds when they mature, so you could then invest in the self-select loans will very low minimums. I think I've just talked myself into doing this.
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Post by birdie on Apr 13, 2024 9:30:46 GMT
I had an auto ISA mature on 8th April which I wanted to transfer out solely for easier access for this coming year, after being messed around by Aldermore to an extent I have put a complaint in to them, I have now re-invested with Kuflink for a further year, my second ISA with Kuflink which matures on the 22nd of this month is also being re-invested for a further year. Any contact I have had with Kuflink has been very professional and easy.
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qwakuk
Member of DD Central
Posts: 259
Likes: 96
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Post by qwakuk on Apr 13, 2024 10:53:32 GMT
Still not convinced as I have looked at my previous Auto IFISA about 18 months to go of a 5 year investment.
The pool breakdown gives me an excel sheet which details each an every investment, concerning that for some loans I am invested in multiple tranches of the same loan
23 tranches in one case, although total invested was only £120ish
Happy to post the spreadsheet if anyone wants a look
@ Birdie - you mention you have put an amount in, are you willing to share how it has bene invested ?
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Post by Ace on Apr 13, 2024 18:24:07 GMT
Still not convinced as I have looked at my previous Auto IFISA about 18 months to go of a 5 year investment. The pool breakdown gives me an excel sheet which details each an every investment, concerning that for some loans I am invested in multiple tranches of the same loan 23 tranches in one case, although total invested was only £120ish Happy to post the spreadsheet if anyone wants a look @ Birdie - you mention you have put an amount in, are you willing to share how it has bene invested ? , I've compared the breakdowns from 2 auto investments: one was a standard account 5 year investment started in Dec 2019, the other is a 2 year ISA account investment started 6 days ago. The breakdowns are identical. I.e. they contain the same number of loan parts (426), the same loan part names, the same loan part ids, the exact same percentage of allocated funds to each loan and the same number of defaulted loans. This implies that our Auto investments all share the exact same loans in the same percentages, regardless of when they were taken out.
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Post by birdie on Apr 14, 2024 8:30:42 GMT
Still not convinced as I have looked at my previous Auto IFISA about 18 months to go of a 5 year investment. The pool breakdown gives me an excel sheet which details each an every investment, concerning that for some loans I am invested in multiple tranches of the same loan 23 tranches in one case, although total invested was only £120ish Happy to post the spreadsheet if anyone wants a look @ Birdie - you mention you have put an amount in, are you willing to share how it has bene invested ? , I've compared the breakdowns from 2 auto investments: one was a standard account 5 year investment started in Dec 2019, the other is a 2 year ISA account investment started 6 days ago. The breakdowns are identical. I.e. they contain the same number of loan parts (426), the same loan part names, the same loan part ids, the exact same percentage of allocated funds to each loan and the same number of defaulted loans. This implies that our Auto investments all share the exact same loans in the same percentages, regardless of when they were taken out. My maturing 1 year ISA is invested in 431 loan parts just the same as my new recently started 1 year ISA 431, my maturing ISA has just over twice as much money invested.
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Post by Ace on Apr 14, 2024 8:39:54 GMT
qwakuk , I've compared the breakdowns from 2 auto investments: one was a standard account 5 year investment started in Dec 2019, the other is a 2 year ISA account investment started 6 days ago. The breakdowns are identical. I.e. they contain the same number of loan parts (426), the same loan part names, the same loan part ids, the exact same percentage of allocated funds to each loan and the same number of defaulted loans. This implies that our Auto investments all share the exact same loans in the same percentages, regardless of when they were taken out. My maturing 1 year ISA is invested in 431 loan parts just the same as my new recently started 1 year ISA 431, my maturing ISA has just over twice as much money invested. I'm guessing that you may have missed the fact that there are 5 rows of headers at the top of the breakdown spreadsheet. So, there are only 426 actual loan parts listed.
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Post by birdie on Apr 14, 2024 8:57:12 GMT
That will teach me to stop rushing about!!
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