P2P Lending through Kuflink

harisinfo · 13 April 2017 at 9:21PM

Has anyone tried P2P lending through Kuflink (invest.kuflink.co.uk)? Would like to know your thoughts. Based locally in Kent and have a large presence in the town centre.

masonic · 13 April 2017 at 9:29PM

Some discussion here: http://p2pindependentforum.com/thread/7011/new-company-kufflink-uk

Not to my taste. I note they take a 20% stake in each loan - I don't think the FCA will allow them to continue to do that.
Edit: Oh, and they are not fully FCA authorised yet, contrary to the first post in the linked thread.

harisinfo · 13 April 2017 at 11:05PM

I think that's a selling point and not against any of the FCA guidelines. The 20% stake is on a First in last out basis. Similar companies in the space are Octopus Choice

masonic · 13 April 2017 at 11:18PM

harisinfo wrote: »

I think that's a selling point and not against any of the FCA guidelines. The 20% stake is on a First in last out basis. Similar companies in the space are Octopus Choice

It's certainly a selling point. However, it is also a risk to the platform.

See long discussion here for the regulatory stuff:
http://p2pindependentforum.com/thread/4746/fca-bans-skin-game

Gambler101 · 13 April 2017 at 11:25PM

I smell spam lol

P2P Lending through Kuflink

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free