Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Log In
shutterstock_670276729
July 3 2017

Kuflink launches IFISA with two fixed-term products

Suzie Neuwirth Industry News, News Auto Invest, FCA, IFISA, Innovative Finance Isa, Kuflink, Kuflink Bridging, online property lender, Select Invest, Tarlochan Garcha

KUFLINK has become the latest platform to launch an Innovative Finance ISA (IFISA), two months after receiving Financial Conduct Authority (FCA) authorisation.

The property-backed P2P lender is offering two ISA products to its investors – a one-year fixed term with four per cent interest a year, or a three-year fixed term with five per cent. Both investments can be accessed with a minimum of £100.

Kuflink’s sister company, Kuflink Bridging, will invest the first five per cent of all property loans in the ISA portfolio, so that the company will risk losing its stake first before any of its investors are affected.

“Unlike the majority of other ISA offerings in the market, I’m proud to announce that Kuflink is one of the very few platforms offering a property-backed ISA,” said Kuflink chief executive Tarlochan Garcha.

“Looking at the current state of the market, the timing of this launch couldn’t be better. As the profile of the IFISA rises, due to growth in the alternative finance sector, and the attractive interest rates, I expect to see strong demand for this type of ISA.

“I see our new ISA offering opening a new generation of investors to alternative finance, providing an ideal access point for investors seeking to become part of the UK’s globally renowned P2P market while at the same time backing a traditional, safe haven asset.”

Read more: Kuflink hires Contego to bolster fraud checks

Kuflink has also announced the launch of its auto-invest service, which automatically diversifies investor funds across a portfolio of property loans. Both individuals and corporates can use auto-invest on both of Kuflink’s IFISA products with a minimum investment of £100.

Investors can also access the new select-invest service, which allows the investor to choose from a selection of properties with the added assurance of a 20 per cent stake from Kuflink Bridging in each property.

Both IFISA products are now live for new and existing customers.

Read more: Zopa launches IFISA with charge-free July offer

Tidal power bond makes waves among P2P investors P2PFA widens membership with eight new associates

Related Posts

Michelle-Mone-photo-credit-Dan-Kennedy

Industry News, News

Michelle Mone’s crypto platform rebrands again

shutterstock_529618147

Industry News, News

Assetz Capital dips into provision fund to refund wind energy investors

shutterstock_1383378692

Global News, Industry News

Funding Circle urges US regulators to follow UK model

Popular posts:

  • More firms withdrawing P2P regulatory applications…
  • ThinCats announces closure of retail P2P lending platform
  • MoneyThing winds down platform
  • A new dawn: P2P lending gets set for…
  • RateSetter publishes living will terms
  • Platform failures enhance City investor focus on…
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2019 • Additional design by