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April 27 2018

Kuflink opens 100 per cent of loans to investors

Marc Shoffman Property bridging, buy-to-let, Kuflink, Narinder Khattoare, p2p, property

INVESTORS are now able to fund the full amount of a loan on the Kuflink platform, the property peer-to-peer lender has announced.

Previously, the company made 80 per cent of each loan available to investors and invested the remaining 20 per cent itself on a first-loss basis.

Kuflink will instead provide a first loss guarantee through a provision fund that will cover 20 per cent of the loan amount in the event of a loss before investors are affected.

Read more: Kuflink gains FCA approval

“We are very proud of our track record at Kuflink and have adapted our proposition to offer increased availability across our investment portfolio,” Narinder Khattoare, chief executive of Kuflink, said.

“All our investment opportunities are UK property based and whilst we are no longer co-investing, we are still providing the same reassurance through our 20 per cent first loss guarantee.”

Read more: Kuflink signs sponsorship deal with Ebbsfleet United Football Club

Kuflink was launched in 2016 and provides buy-to-let, development and bridging loans.

Its loanbook is currently at £17.5m and it has had no losses so far.

Read more: Kuflink hires Contego to bolster fraud checks

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