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.
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“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.”
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.