Kuflink’s ‘Practical, Common Sense Approach’ Funds Complex Deal
“Throughout the process Kuflink were contactable, honest and worked through every issue alongside us to get the result that the client needed.”
– Loans Warehouse
At A Glance
Location: Forest Hill SE23
Loan amount: £217,920
Term: 6 months
Purpose: To repay money borrowed to purchase the security
Security: 1st Legal Charge on a Commercial Property – garage workshop, MOT testing bay, reception, office and a small yard to the front
Loan to Value: 65% LTV
How Kuflink Helped
The Kuflink Bridging team was recently approached by Loans Warehouse with a complex, time-sensitive client that urgently needed funds to repay existing indebtedness. Christmas was only weeks away and the client was worried that no lender could complete fast enough to help them. The client is an experienced property professional who is currently in talks with the council to secure planning permission in order to convert the commercial security into seven residential properties.
Kuflink took the time to carefully assess the application and find an affordable solution for the borrower that not only provided fast funding, but also took a weight off their mind and meant they could enjoy Christmas without worrying about business!
Feedback from Loans Warehouse
“When I first picked up this case, I knew that it was going to be a difficult deal to complete, as the purchase of the property was dragged out over a few years and included so many different parts that it was difficult to comprehend. The client needed to complete a refinance of the property to repay existing debts before Christmas and thought that it could not be done due to the complicated situation.
I cannot praise Kuflink enough for their practical, common sense approach to lending that took a very complicated case and completed it in a relatively short timespan. The importance for a lender to be able to take a view on a project and see it for what it is, rather than rejecting a deal based on a tick box, cannot be reiterated enough. Throughout the process Kuflink were contactable, honest and worked through every issue alongside us to get the result that the client needed.”
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7 Top Peer-to-Peer Finance Blogs
As the UK peer-to-peer industry continues to boom, it can be difficult to stay abreast of all the latest news, offers and products. However, lucky for investors, there are a number of dedicated blogs that do the hard work for you! Kuflink has scoured the internet to bring you 6 of the best industry influencers, making it easy for you to grow your peer-to-peer portfolio as well as your money:
Explore P2P publishes essential updates and interesting interviews from a huge variety of European platforms. They regularly catch up with CEOs to discover the specific benefits each platform offers, such as their recent interview with Kuflink’s very own Narinder Khattoare!
- Interviews with renowned CEOs
- Industry analysis reports
This blog is great for those with some existing knowledge of P2P, and its international lending volume analysis makes it easy to map what’s going on across the industry. P2P Banking is always quick to cover any big platform news, so it’s worth keeping an eye on their page to make sure you’re in the know!
- International lending volume analysis
- Latest peer-to-peer industry news
The Kuflink blog offers a unique mix of P2P news, property market updates and easy-to-read guides to investment trends such FinTech and cryptocurrencies. Whether you’re an experienced investor or just starting out, head over to Kuflink for user-friendly articles that offer simple tips to make your money work harder for you!
- Easy-to-read investment guides
- Breaking peer-to-peer, property and investment news
If you’re always on the lookout for cashback deals and special offers, P2P blog could be your new go-to site! They share the best opportunities from across the industry, as well as being a great source of information to learn about Innovative Finance ISAs.
- Special offers
- Everything you need to know about IF-ISAs
P2P Finance News posts frequently and covers a wide range of topics, which makes it a favourite of P2P enthusiasts! It’s a great blog for those who like ‘the bigger picture’ and detailed explanations of how things impact the P2P market.
- Frequent posts
- In-depth explanations of the market
To give readers an insight in to how each platform works, P2P money publish emails from different lenders, so it’s easy to imagine being a customer of several platforms before you commit. They’re also quick to share news of offers and tips for optimising your investments.
- See how platforms communicate with their investors
- Up-to-date with product launches
P2PMarketData offers a fresh and detailed view of the P2P market through its statistical analysis. This is the perfect blog for anyone with a keen eye for number-crunching as well as a proclivity for the international lending market.
Sign up to Kuflink today to view exclusive property-backed investment opportunities and earn up to 7.2% interest pa gross! *
*Capital is at risk. Rate correct as of March 2018. You should seek independent financial advice.
Kuflink Investor Survey: Results Revealed
The vast majority of investors plan to increase the amount they invest this year despite challenging market conditions, according to a recent survey of our investor community.
Although experts had forecast a downturn for the year ahead in the wake of Brexit, this doesn’t appear to have deterred many of you from getting more from your money! 91% told us that they plan to invest either the same amount (49%) or more (42%) during 2019.
The rise of online investment platforms such as ourselves has broadened public awareness of and access to higher returns on their money – it’s easier than ever to build and manage an investment portfolio, and as a result many mainstream savers are turning their backs on the big banks. 47% of investors have been investing less than two years, with just over a quarter (26%) revealing their primary reason for investing was to supplement their savings. Planning for retirement (24%) and to supplement income (21%) were the other common factors.
Lower minimum amounts have also proved attractive for new customers, with 40% of investors surveyed investing a relatively modest amount of between £1,000 and £10,000 a year, and preferring to commit funds on a monthly basis (48%) rather than in one lump sum.
Rate of return was by far the most popular factor respondents looked for when choosing how to invest (83%), with risk involved (68%) and company reputation (60%) also at the forefront of their financial decisions. The lender also found that customers were keen to stay with platforms that they had already seen results from, as 95% of Kuflink’s existing customers revealed plans to continue investing with them in the long-term.
“Thousands of people across the UK are waking up to the fact that they don’t have to leave their money to stagnate in a savings account, earning rates well below inflation and actually losing value.” Explained Narinder Khattoare, Kuflink CEO.
“Gone are the days when you needed to be a finance expert to earn decent returns on your money – now all you need is a computer, a few spare minutes to sign up and £100 first-time minimum investment.”
Figures based on 452 responses, data collected December 2018.
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How to Earn More from Your Money: A Beginners’ Guide
Our recent survey found that 42% of you consider yourselves beginners when it comes to investing – welcome aboard! With that in mind, we’d love to help you start off on the right foot by sharing some of the knowledge our team of property investors has built up over their combined 200 years in the industry.
Here are the 5 key pieces of advice we’d give to any new investor:
Get to Grips with the Vocabulary
You’ll find lots of useful information available on our website for each opportunity, such as loan to values, security charges and valuation reports, to help you decide if the investment is right for you. We try to keep things as simple as possible but there are some terms you may not be familiar with as a new investor – not to worry, as we’ve created this simple guide to help you get started.
Don’t Put All Your Eggs in One Basket
One of the most effective ways to spread your risk is to spread your investment across different opportunities, companies and asset types. We can’t stress how important it is to do this – no investment strategy is 100% safe, but it makes your money less vulnerable in the event of market fluctuations, business and borrower losses. If you prefer a hands-off approach, many platforms have a product that automatically diversifies your cash across a number of investments, such as Kuflink’s Auto-Invest and IF-ISA products.
Keep an Eye on Property Market Trends
Every Kuflink opportunity is secured against UK property, so it’s a great idea to keep track of how the property market is progressing. You don’t need to become an expert overnight – simply keeping up to date with the news should give you enough information, or you can check the regular online reports released by estate agents such as Foxtons or Rightmove. We’ve even put together an ‘at a glance’ guide to UK property for the year ahead, available here.
Look Beyond the Returns
Understandably, most of us are looking to earn as much as we can from our investments, and a fantastic headline rate is a great way for companies to attract new investors. However, you need to make sure that you fully understand what security is in place, what credentials the company have and how much risk is involved.
In case you were wondering – Kuflink is FCA Regulated, HMRC Authorised ISA Managers and our CEO sits on the board for the Association of Short Term Lenders. We’re proud to state we have zero losses for our investors to date and will continue to apply our stringent lending criteria to ensure the best chance of keeping this in place!
Do Your Research
Before investing with any platform, it’s good to gather experiences from real people that have tried and tested the company. If you know people that you can talk to, that’s great, but even if not there are online forums, trust pilot reviews and a huge range of trusted bloggers that can all be useful sources of information.
Consumers to ramp up investment in 2019 despite Brexit woes
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Investors remain upbeat despite economic uncertainty
Investors plan to increase the amount they invest this year despite challenging market conditions, according to recent research conducted by peer-to-peer investment platform Kuflink.
Peer-to-Peer Property Investment Jargon Buster
When it comes to peer-to-peer (P2P) investing, some industry terms can sound a little confusing, especially if you are just starting out.
We try to keep things as simple as possible here at Kuflink, since our goal is to make sure everyone can take advantage of our fantastic returns. With this in mind, we’ve pulled together a handy jargon buster to help ensure you’re up to speed and ready to invest when a P2P investment opportunity next catches your eye!
Peer-to-Peer Lending in the Property World
Let’s start with the basics… Peer to peer, sometimes written P2P, is a type of investment where you can lend money to fund property-backed loans of your choosing. You can choose the amount of a deal you wish to fund, based on the details provided against each property. It’s important to understand your capital is at risk and there is no security against your investment, such as the Financial Compensation Scheme, in the event a loan is not repaid.
Bridging Loans
Think of bridging loans as finance used to ‘bridge a gap’ – they are a quick way to secure funding, which usually acts as an interim measure whilst borrowers explore longer-term options. All loans available to invest in through the Kuflink platform are bridging loans.
Financial Conduct Authority (FCA)
The Financial Conduct Authority is the regulator for more than 56,000 financial services firms in the UK and focuses on protecting customers, enhancing market integrity and promoting competition in the interests of consumers. Kuflink is authorised by the Financial Conduct Authority, which means you can rest assured that our platform meets the highest security standards, and we are compliant with industry regulations.
Loan-to-Value
The loan-to-value, or LTV, is a percentage of the amount we have lent against the value of the security property. So, if a borrower had a property worth £100k and took out a £50k loan against it, the LTV would be 50%. The lower the LTV, the more popular an investment opportunity tends to be, as the risk of not being able to recover the full loan amount is lessened (although it’s important to remember nothing is guaranteed).
Loan to Gross Development Value
LTGDV works in the same way as a standard LTV figure, except it is measured against the expected value of a development once it is complete. All estimated development values are provided by independent surveyors.
Anti-Money Laundering Check
As part of our FCA regulation, Kuflink must confirm the identity of each investor by requesting their driving license or passport details – our AML check is fully automated and can be completed online in just a couple of minutes. It’s not a credit check and won’t appear on your credit history.
First / Second Legal Charge
Having a legal charge over a property simply means that, in certain circumstances, you have a right to take possession of, or sell, the property. It might be helpful to think about this in terms of a mortgage – the borrower is the legal owner of the property, but the mortgage provider can take possession of the property if the borrower fails to keep up the agreed payments.
A first legal charge means that you are first in line to take possession of the property, and a second legal charge means you are second in line (i.e. some finance is already outstanding against the property).
Default
If a borrower falls behind on their payments, we call this ‘defaulting’. Most platforms give a grace period before they officially class a loan as being in default, to give the borrower some time to pay. A loan being in default obviously isn’t great news for investors, but platforms and borrowers can often work out a solution in good time – don’t assume all is lost!
We take a number of tried and tested steps to minimise the risk of a borrower defaulting on their loan. We assess each borrower and only ever lend to those who we believe will comfortably meet their repayments, which has helped us to achieve our impressive £0 losses to date!
Put your new knowledge to great use, sign up to Kuflink’s online platform today. View our live opportunities and invest now to start earning up to 7.2% interest pa*.
*Capital is at risk.
Kuflink strengthens underwriting team
Peer to Peer Property Lender Kuflink Adds Underwriter Following “Huge Spike”
Kuflink, a peer to peer property lender for short term finance, has expanded its lending team following increasing platform activity.