Kuflink P2P platform approaches £95m

Kuflink has announced that its new investment levels have recovered to pre-pandemic levels as the platform approaches a new high of £95m.

To date, the P2P based bridging lender has paid back over £59m in capital to investors, not counting interest. No investor has lost money on any of the projects chosen by Kuflink into which investor funds were placed, the lender added.

Kuflink launched its P2P proposition in 2016 and has since then powered its bridging and development finance offering to UK brokers.

In February, Kuflink had reached £75m when COVID-19 began to take hold, and although there were withdrawals by investors, the lender suggested that its outflow was “never significant”. In the period since the end of the first UK lockdown, investment amounts have returned “strongly”, much of it from existing investors.

Kuflink chief executive, Narinder Khattoare, commented: “There might be bigger P2P platforms but Kuflink, with its more modest growth plans, has proved conclusively that it is can produce decent returns for private investors with minimum risk because of its knowledge and understanding of the property market and its ability to pick the best opportunities to put in front of investors, rather than just the first ones to appear.

“From the number of returning investors, we know that our offering is popular and delivers. Equally, our strategy provides mortgage advisers with the kind of short-term funding they want for their customers and which has been consistently available throughout the pandemic.”

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