Warwick Crescent: Sneak Peek
Each time you lend to a deal on the Kuflink platform, you’re not only earning fantastic returns but also helping to fund an exciting business project somewhere in the UK.
Since we released the first tranche of Warwick Crescent way back in January 2018, you guys have been eagerly supporting our borrower each step of the way. We’re now just a few months away from completion, and wanted to share the amazing progress your funds have facilitated so far…
Let us refresh your memory
Warwick Crescent is a brand-new waterfront housing development of 9 high spec, 4-bedroom homes, all complete with their very own private garage, driveway and garden. It is based in the historic Kentish town of Rochester and has an anticipated gross development value of £5,075,000.00.
From hard work, to house, to home
As of 15th January 2019, independent valuers certified that works to the value of circa £2,291,000.00 have taken place on site. So, what does a little over two million pounds get you when you’re constructing a brand new housing development?
- We started with a vacant site, that had been cleared ready for works to start
- First up, the access road was resurfaced, drainage installed and foundations laid for all nine properties
- Structural brickwork was then completed and roof structures added for all nine properties
- Next, the houses were made wind and water tight
- The builders then set about finishing the first fix of electrics and plumbing
- In February 2019, the homes were finally listed for sale!
No stopping us now!
Thanks to a bout of bad weather, our clients had to adjust their construction program with a slightly later completion date. However, after a lot of hard work, they are now approximately 3 weeks in front of their adjusted program!
Like this development as much as we do? Keep your eyes peeled for more exclusive opportunities to invest in Warwick Crescent, coming soon
Managing Tax For Your Investments
Even the simplest of investments can be a lot to get your head around at first – we understand that.
Most of us focus on learning the risks and rewards on offer and, whilst that’s a great place to start, it’s really important that you don’t forget about tax. As with all income, you may have to pay tax on the returns you earn from your investments.
Thankfully, it’s not as difficult as you might think!
Here’s our quick guide to managing tax for your Kuflink investments…
You Have A Personal Allowance
Thanks to your Personal Savings Allowance, you may not need to pay any tax at all on your investment income. The amount of allowance you have depends on your income tax bracket:
Basic rate tax payer – £1,000
Higher rate tax payer – £500
Additional rate tax payer – £0
This means that if you are a basic rate tax payer, you could earn up to £1,000 in interest from your Kuflink investments before you need to start paying tax.
Earned More Than Your Allowance?
Clever you! For the income you do need to pay tax on, the following amounts will apply:
20% income tax if you are a basic rate taxpayer
40% income tax if you are a higher rate taxpayer
45% income tax if you are an additional rate taxpayer
Our Innovative Finance ISA Pays Tax-Free Returns!
Kuflink’s IF-ISA lets you use your annual ISA allowance to invest in peer to peer opportunities and earn up to 7% interest pa*, completely tax free. For the 2019/20 tax year, that means you can invest up to £20,000 and keep every penny you earn!
Ultimately, your tax liabilities are dependent on your individual circumstances. All investments are subject to HMRC requirements and if you are in any doubt as to your responsibilities, you should seek independent advice.
*Capital is at risk, not covered by the FSCS.
Kuflink launches secondary market
Peer to peer lending platform Kuflink has launched a secondary market to provide liquidity for investors in their property-backed loans.
Staying power
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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.
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.
