elliotn
Member of DD Central
Posts: 3,060
Likes: 2,679
|
Post by elliotn on Nov 6, 2016 7:14:18 GMT
Positioned at safer end of property p2p lending - full fca auth, consumer btl, 20% skin, 5-7%. www.kuflink.co.uk/ |
|
|
|
Post by webbski9 on Nov 6, 2016 7:35:28 GMT
Can't see a Secondary Market or exit vehicle
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,573 
Likes: 10,748
|
Post by ilmoro on Nov 6, 2016 11:43:40 GMT
No SM, interest at term.
Signed up to have a look, but cant get past AML screen. It wants a second line to my address which doesnt exist (fiddled that) and having filled in all mandatory fields (bizarrely the ID document isnt one) it just goes back to the form with no comment/explanation as to what it is doing. (Uses Contego AML) So either Ive done the check four times or it does need an ID doc which I dont have. Either no deals or wont show until AML passed. looks like it will be added to the list of my P2P non-starters.
7.2% rate is for 'individual investments', 'pooled investments' are 5-7%
Use to be Alpha Bridging
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Nov 6, 2016 11:59:22 GMT
Rates of 5% - 7% with risks and no protection?  ?? I do not think so. You need to do better than that. |
|
|
|
Post by webbski9 on Nov 6, 2016 12:14:13 GMT
Agreed,it doesn't get the juices flowing.At least with Octopus you can ( reasonably quickly) exit before term end.
No loans yet on the site,only the locations where they might lend.
Can anyone see their list of charges ?
|
|
adrianc
Member of DD Central
Posts: 8,380
Likes: 4,595
Member is Online
|
Post by adrianc on Nov 6, 2016 12:14:27 GMT
Kuflink Bridging - formerly Alpha Bridging. Established 2011, lent £25m in over 250 transactions in those five years. So an average transaction of £100k, one a week. And a chairman whose background apparently ranges from IT to a miscellany of restaurant chains (one of which is mis-spelled on his profile).
Hmm.
|
|
dandy
Posts: 427
Likes: 341
|
Post by dandy on Nov 6, 2016 13:03:51 GMT
Positioned at safer end of property p2p lending - full fca auth, consumer btl, 20% skin, 5-7%. www.kuflink.co.uk/I don't think they have full FCA auth for P2P. Their lending company have full auth for consumer lending. Their online platform is not fully authorised from what I can see. I could be wrong.
|
|
|
|
Post by jonboy73 on Nov 6, 2016 13:11:59 GMT
of the 2 loans available both are 15.07% filled, how curious...
|
|
|
|
Post by jonboy73 on Nov 6, 2016 13:14:55 GMT
No SM, interest at term. Signed up to have a look, but cant get past AML screen. It wants a second line to my address which doesnt exist (fiddled that) and having filled in all mandatory fields (bizarrely the ID document isnt one) it just goes back to the form with no comment/explanation as to what it is doing. (Uses Contego AML) So either Ive done the check four times or it does need an ID doc which I dont have. Either no deals or wont show until AML passed. looks like it will be added to the list of my P2P non-starters. 7.2% rate is for 'individual investments', 'pooled investments' are 5-7% Use to be Alpha Bridging got in no bother, need to top up minimum £100.
2 current deals, both paying annualised 7.2% (240k & 44k, Essex and London)
1 loan full, 3 pending but no details on them yet.
|
|
|
|
Post by reeknralf on Nov 7, 2016 10:25:47 GMT
No SM, interest at term. Signed up to have a look, but cant get past AML screen. It wants a second line to my address which doesnt exist (fiddled that) and having filled in all mandatory fields (bizarrely the ID document isnt one) it just goes back to the form with no comment/explanation as to what it is doing. (Uses Contego AML) So either Ive done the check four times or it does need an ID doc which I dont have. Either no deals or wont show until AML passed. looks like it will be added to the list of my P2P non-starters. 7.2% rate is for 'individual investments', 'pooled investments' are 5-7% Use to be Alpha Bridging Well, I beat the AML page. Unfortunately, this just lead to the next frustration: no valuation reports. After a brief, but unenlightening live chat, I asked: 'I apologise for being blunt, but rather than wasting each other's time, am I correct in saying, you are not looking for lenders who want to perform due diligence on loans?' 34 minutes later came the reply: 'Yes you are correct ...'
|
|
adrianc
Member of DD Central
Posts: 8,380
Likes: 4,595
Member is Online
|
Post by adrianc on Nov 7, 2016 10:27:21 GMT
After a brief, but unenlightening live chat, I asked: 'I apologise for being blunt, but rather than wasting each other's time, am I correct in saying, you are not looking for lenders who want to perform due diligence on loans?' 34 minutes later came the reply: 'Yes you are correct ...' If only all platforms were so honest.
|
|
elliotn
Member of DD Central
Posts: 3,060
Likes: 2,679
|
Post by elliotn on Dec 3, 2016 15:50:07 GMT
|
|
ben
Posts: 2,020
Likes: 589
|
Post by ben on Dec 3, 2016 16:18:24 GMT
Has anybody lent on here? signed up to have a look around and got a phone call from a rep about an hour later which is pretty impressive, just a shame was about to go out.
|
|
stokeloans
Member of DD Central
Posts: 400
Likes: 484
|
Post by stokeloans on Dec 3, 2016 18:35:04 GMT
Sorry but anyone who uses a 'k' where a 'c' should be in anything other than a humourous context is enought to put me off.
What next, p2p r us.com ?
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,672
Likes: 3,062
|
Post by jonno on Dec 3, 2016 22:31:47 GMT
Sorry but anyone who uses a 'k' where a 'c' should be in anything other than a humourous context is enought to put me off. What next, p2p r us.com ? Don't you mean p2p r us.kom 
|
|
??
.
