Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Finance

PEER-TO-PEER LENDER KUFLINK LAUNCHES PROPERTY-BACKED INNOVATIVE FINANCE ISA

PEER-TO-PEER LENDER KUFLINK LAUNCHES PROPERTY-BACKED INNOVATIVE FINANCE ISA

UK-based Kuflink joins a select few P2P platforms offering a Property-Backed ISA

  • Kuflinkhas successfully launched its Innovate Finance ISA, joining a handful of platforms offering property-backed ISAs
  • Investors can choose between two ISA products – a 1 year fixed term with 4% interest pa, or a 3 year fixed term with 5% interest pa
  • In an industry-first, Kuflink Bridging, the sister company of Kuflink, invests the first 5% of all property loans in the ISA portfolio
  • In the unlikely event of a loss, Kuflink will risk losing its stake first before any of its investors are affected
  • Having received full FCA authorisation in April 2017, today’s announcement is the latest in a series of key business milestones achieved by Kuflink
  • Kuflink has also launched Auto-Invest, allowing individuals to invest as little as £100 with Kuflink automatically diversifying their funds and risk across a portfolio of property loans

UK-based P2P lender Kuflink has today launched its Property-Backed Innovative Finance ISA, joining a handful of platforms offering the opportunity for savers to invest in property while taking advantage of the tax-free benefits on offer from ISAs.

Kuflink now offers a 1 year fixed term ISA with 4% interest pa, and a 3 year fixed term with 5% interest pa, with a minimum investment of £100. As a Property-Backed ISA, savers can invest up to £20,000 into P2P loans secured by Kuflink’s expanding portfolio of residential properties. There are no platform fees.

As part of its ISA offering, Kuflink has also launched Auto-Invest. Individuals and corporates can invest a minimum of £100 over a 1 year or 3 year fixed term with Kuflink automatically diversifying their funds and risk across a portfolio of property loans.

In an industry-first, sister company Kuflink Bridging, which is one of the UK’s fastest growing bridging lenders, will invest a 5% stake in all property loans featured in Kuflink’s ISA and Auto-Invest portfolio, providing the leadership and assurance for investors to confidently support the company’s ISA offering. As part of this commitment, Kuflink Bridging will also risk losing its 5% stake before its investors are affected.

Kuflink also offers Select-Invest with a minimum investment of £100 for both individuals and corporates. The investor chooses to invest from a selection of properties and benefits from a 20% stake from Kuflink Bridging in each property.

TarlochanGarcha, CEO of Kuflink, said: “Unlike the majority of other ISA offerings in the market, I’m proud to announce that Kuflink is one of the very few platforms offering a Property-Backed ISA. Looking at the current state of the market, the timing of this launch couldn’t be better. As the profile of the Innovative Finance ISA rises, due to growth in the alternative finance sector, and the attractive interest rates, I expect to see strong demand for this type of ISA.

“I see our new ISA offering opening a new generation of investors to alternative finance, providing an ideal access point for investors seeking to become part of the UK’s globally renowned P2P market while at the same time backing a traditional, safe haven asset.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post