Kuflink’s P2P ISA creating investment influx to power bridging offering
07 August 2017
Kuflink, part of the Kuflink Group, which launched a P2P ISA along with two other specific investment options to investors at the beginning of July, has reported an enthusiastic response from investors. There has been strong interest in the new property backed ISA with a particular accent on existing ISA holders transferring into the Kuflink ISA.
The Auto-Invest and ISA options include 1,3 and 5 year terms paying 3.99%*, 5% and 5.35% pa gross respectively. The ISA is tax free. They all provide finance for a range of intermediary introduced deals proposed by sister company Kuflink Bridging on the Kuflink platform.
According to Kuflink Bridging’s Director Narinder Khattoare, the influx of funds is good news for adviser clients.
He said, “Access to consistent funding has been an issue for some lenders in the past. After the Brexit vote, certain lenders relying on access to corporate funders found their supply restricted or cut off. Having multiple streams of funding is vitally important in today’s market and that is why Kuflink has diversified and added a P2P source.
Introducers to Kuflink Bridging can be sure that when they come to us, the funding will be competitive and just as importantly it will be available.
Looking at the opportunity for investors, with general savings interest rates so low, savers searching for better returns are turning to this type of investment. The opportunity to invest knowing that they have the security of a fixed rate and therefore knowing what their income will be in advance, is making Kuflink’s offering particularly attractive.”
*Capital is at risk.
