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Post by kuflink on Jun 1, 2017 14:40:12 GMT
Thanks keyboardworrier. Please PM me if any of you have any trouble with the Quidco links, I have got in touch with them too. Kind regards, Hari
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david42
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Post by david42 on Jun 15, 2017 14:21:29 GMT
I have just received the 5.5% cashback, two weeks after funding my account. Thanks r00lish67 for posting this offer. I would never have noticed it otherwise.
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nush
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Post by nush on Aug 8, 2017 14:01:26 GMT
new loan available today
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Post by keyboardworrier on Aug 8, 2017 17:13:15 GMT
Dear r00lish67, many thanks for your query. All our loans are pre-funded and Kuflink Bridging lends at least 20% into every deal on a "first in last out" basis. Our community of investors will have an overall exposure of a maximum 56% LTV. Furthermore, we have set aside some capital to cover any losses so that we can give our community of investors an added layer of security. In terms of our lending criteria, we have a stringent policy and we take into account the 90 day auction value of the property as opposed to the open market value. The loans that make through to the platform are scrutinised by an independent credit committee comprising of a panel of property experts who stress test the loans. Please feel free to have a look around. We have 3 deals on the platform at the moment at 6.5%, 6.8% and 7% per annum gross. I hope I've been able to answer your query. Please feel free to contact me if you would need any further clarification or have any other questions at all. Kind regards, Hari Hi Hari, I was wondering if you could give extra details on the bolded section here. Also, does this protection exist for all investors in all of the options available (IFISA, manual selection and auto selection) Thanks!
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littleoldlady
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Post by littleoldlady on Aug 12, 2017 7:26:40 GMT
Why is this platform not more popular? It looks good to me, am I missing something? The deal flow is sluggish but that is not necessarily a bad thing if it means that they are being more selective than certain other platforms who will lend recklessly to any charlatan. I don't like the ISA offering, I would have preferred an ISA account which gave the same access to the Select Invest loans, but otherwise it is currently one of my favourite platforms. I would much rather get 6-7% with no losses than 12% with losses of 5-6%, as each loss is hard to bear.
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Post by keyboardworrier on Aug 12, 2017 9:54:27 GMT
Why is this platform not more popular? It looks good to me, am I missing something? The deal flow is sluggish but that is not necessarily a bad thing if it means that they are being more selective than certain other platforms who will lend recklessly to any charlatan. I don't like the ISA offering, I would have preferred an ISA account which gave the same access to the Select Invest loans, but otherwise it is currently one of my favourite platforms. I would much rather get 6-7% with no losses than 12% with losses of 5-6%, as each loss is hard to bear. I agree with this! After re-reading this thread I think the popularity of the platform would be increased with a SM option, interestingly 4thWay on their Kuflink review state "Early exit: You can exit early provided other lenders want to buy you out and agree the price: you could sell your loan parts to them for more or less than you paid." (https://www.4thway.co.uk/candid-opinion/property-peer-to-peer-lending/#Kuflink) but I see no mention of this on the Kuflink website, perhaps it's coming in the future. I'm very happy with the platform generally though at the moment, super low LTV's, interest paid on time each month, skin in the game, maybe some kind of reserve fund if things do go wrong (Waiting for clarification on that one)
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Post by kuflink on Sept 20, 2017 11:45:16 GMT
Hi all, r00lish67, apologies for the awfully late response, it has been a very busy few months with the new platform and also our IFISA offering. Nevertheless, I wouldn't like to make any more excuses and will be punctual on the forum. With regards to the bolded section i.e "Furthermore, we have set aside some capital to cover any losses so that we can give our community of investors an added layer of security." Yes the protection covers IFISA, Auto Invest and the Select Invest options. However, I would like to point out a few key differences across the various propositions: 1) Select Invest - Kuflink Bridging takes up to a 20% stake, Kuflink Bridging has taken a higher stake in some other loans in the past but generally speaking this is up to 20%. 2) Auto Invest / IFISA - Kuflink Bridging takes up to 5% stake on the entire product The capital which has been set aside is regardless of the product type, i.e Select Invest, IFISA and Auto Invest. I look forward to everyone's feedback and welcome suggestions. It has been a fantastic start for us and our investor community has been supportive of our growth. We are getting more deals on the platform now and hopefully we can have enough there to keep all interested. Thank you all. Hari
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r00lish67
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Post by r00lish67 on Sept 20, 2017 11:48:39 GMT
Hi all, r00lish67 , apologies for the awfully late response, it has been a very busy few months with the new platform and also our IFISA offering. Nevertheless, I wouldn't like to make any more excuses and will be punctual on the forum. With regards to the bolded section i.e "Furthermore, we have set aside some capital to cover any losses so that we can give our community of investors an added layer of security." Yes the protection covers IFISA, Auto Invest and the Select Invest options. However, I would like to point out a few key differences across the various propositions: 1) Select Invest - Kuflink Bridging takes up to a 20% stake, Kuflink Bridging has taken a higher stake in some other loans in the past but generally speaking this is up to 20%. 2) Auto Invest / IFISA - Kuflink Bridging takes up to 5% stake on the entire product The capital which has been set aside is regardless of the product type, i.e Select Invest, IFISA and Auto Invest. I look forward to everyone's feedback and welcome suggestions. It has been a fantastic start for us and our investor community has been supportive of our growth. We are getting more deals on the platform now and hopefully we can have enough there to keep all interested. Thank you all. Hari Hi Hari, it was actually keyboardworrier who was after that information, but it's good to know anyway. Although I haven't invested yet I'm certainly keeping an eye on Kuflink as an up-and-coming platform.
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Post by kuflink on Sept 20, 2017 12:07:22 GMT
Ah, r00lish67 thank you for pointing out. keyboardworrier please find my answer regarding your question. With regards to secondary market, we don't have a SM at the moment. We will have to go through the FCA to offer this feature after going through the appropriate guidelines. We constantly have conversations internally and our investors do want to see an active SM on the platform. We will keep you informed. Many thanks
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Post by keyboardworrier on Sept 20, 2017 12:10:50 GMT
Hi Hari, thanks for the response and the explanation. You have also anticipated my next question which would have been about the secondary market, I hope this happens at some point because although I feel comfortable holding loans to term it would be good to have the option there to sell up if needed.
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Post by kuflink on Sept 22, 2017 15:26:48 GMT
Hello everyone,
a quick announcement, we have a 3% cash back offer running this weekend until midnight on Monday. The 3% cash back applies to Auto-Invest and our IFISA only (not on Select-Invest). The cash back will be paid back into your e-wallet on the 09/10/2017. You can choose to invest the cash back or withdraw it to your bank account. Whilst these are property backed loans, your capital is at risk. Any questions please feel free to ask me.
Kind regards, Hari
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Sept 22, 2017 16:44:52 GMT
Hello everyone, a quick announcement, we have a 3% cash back offer running this weekend until midnight on Monday. The 3% cash back applies to Auto-Invest and our IFISA only (not on Select-Invest). The cash back will be paid back into your e-wallet on the 09/10/2017. You can choose to invest the cash back or withdraw it to your bank account. Whilst these are property backed loans, your capital is at risk. Any questions please feel free to ask me. Kind regards, Hari kuflink Hari I am at a total loss as to why you are doing this. You already seem to have too much lender money and too few loans. Why aren't you concentrating on getting more good deals and what on earth are you doing with the cash mountain you are creating?
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Post by keyboardworrier on Sept 22, 2017 17:03:20 GMT
Maybe I am missing something but it seems like the money would be invested right away, there's £204K left to invest in the auto-invest account!
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Sept 22, 2017 17:13:16 GMT
Maybe I am missing something but it seems like the money would be invested right away, there's £204K left to invest in the auto-invest account! Maybe it's me that is missing something. I do not use auto invest so have never looked under that tab before. Where are the properties with £204K left available and why can't I invest in these under Select-Invest?
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Post by kuflink on Sept 22, 2017 19:29:50 GMT
littleoldlady keyboardworrier, good queries. We did some research at the beginning of this year and found some users were not interested in going through individual properties to make an investment. We hence came up with the idea of the Auto Invest where users can earn a fixed return without having to go through the hassle of picking and choosing individual ones or having to re-invest their capital / interest into new deals. The algorithm automatically diversifies your money for you and, when a loan ends in a pool, we replace it with a new loan, the funds are automatically allocated until the end the user's investment period. We wanted to keep the properties separate as the value propositions on the pool and select invest are different. On the pool, Kuflink Bridging lends 5% of the total loan amount on a first in last out basis. On select invest, Kuflink Bridging lends up to 20%. The pool as a cumulative will never have a LTV > 70% as in select invest. Having the same property across both options was turning into a nightmare from a technology and accounting stand point hence we decided to segregate the two products. The IFISA, is built on top of the Auto Invest algorithm, since loans on select invest can come to an end before or after a users ISA year, it's easier to manage the IFISA accounts within the Auto Invest functionality. I hope my answers are satisfactory. Please feel free to contact me if you have any more queries. Kind regards, Hari
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