Kuflink, a peer-to-peer property investment platform, says it has topped £20 million invested since platform launch in 2016. Kuflink provides buy to let borrowers quick access to short-term finance that may not be available from a high street bank. Retail investors gain access to a new asset class with potentially higher returns. The FCA regulated platform says no money has been lost to date.
Kuflink reports that to date, over 27,000 individual investments have been made on Kuflink’s platform, with the resulting property-backed loans used to provide borrowers with quick access to short-term finance, at rates unequalled by high street banks. Kuflink offers a 20% first loss guarantee, and co-invests five percent in each loan. This helps to ensure that investors are protected in the case of defaults, and reflects Kuflink’s confidence in the offering.uf
Narinder Khattoare, Kuflink’s CEO, called the milestone a testament to the changing way in which property investment is being made in the UK.
“…this reflects our clients’ desire to continue disrupting the industry with us through fast, flexible and accessible property finance,” says Khattoare. “Alongside this, achieving a sustained zero percent loss ratio speaks volumes about the effectiveness of our due diligence process, and we are proud to state that no investor has lost even a penny on our platform.”