Kuflink, a peer to peer property lender for short term finance, has expanded its lending team following increasing platform activity.
“Following the launch of our quick bridge product at the tail end of 2018, we’ve seen a huge spike in uptake from new brokers as well as familiar faces,” stated Narinder Khattoare, CEO of Kuflink.
Kuflink says it enables borrowers access to short-term finance that a high street bank would be unable to deliver. For investors, interest rates are higher than those offered with regular savings accounts. According to their website, investors may earn up to 7.2% per annum.
Kuflink’s short-term finance division, Kuflink Bridging, has hired Hiran Patel as a new underwriter. Patel was previously working for Equifinance.
“Hiran joining the team will help us to meet this growing demand, maintain our high standards and continue improving upon our already award-winning bridging service,” said Khattoare.
Kuflink is authorised by the Financial Conduct Authority. Since platform launch in 2016, Kuflink lenders have invested over £33 million, with no reported losses to date.