Peer to peer property lender Kuflink has increased their interest rates on both the Innovative Finance ISA (IF ISA) and their auto-invest products.
The investment platform says their 1, 3 and 5-year fixed-term investments have all increased and will now pay 5%, 6.1% and 7% pa respectively. Kuflink claims these rates are some of the best rates in the industry.
Kuflink is a secured property lender that offers bridge loans as well as longer-term investments all backed by the property. For borrowers, many loans are financed in just one day. Investors may participate for as little as £100. To date, the platform has financed about £29 million and reports no losses for investor money.
“Our IF-ISA celebrated its first birthday earlier this year and it has been a fantastic journey so far, but we always want to keep improving. These rate increases will mean investors earn more than ever with us but what they love about the products will remain the same,” commented Kuflink CEO Narinder Khattoare. “The investment platform have also upped their current cashback deals and are now offering a tiered bonus scheme, where customers can earn up to £250 when they make their first investment or refer a friend.”
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