Kuflink Account Information
Updated May 1st 2019
Detailed Account Information & Screen Shots
First Investment – June 2018
Initial Investment – £500.00
Total Invested – £5,198.00
Total Return – £82.79
ROI% (per lender) – 7.00%
XIRR – 4.36%
My Kuflink Actual Account Growth & Income Charts
Each month I send out an update on all of my Peer to Peer lending accounts. Below are the excerpts specific to Kuflink. Click here for all lender updates
When I first began investing with Kuflink, I only sent over £500 just to give them a try so I could see how they operate and how solid their loans were. Now I have over £6k invested with them and that will likely increase significantly moving forward. The main reason being of course their low LTV (Loan to Value) loans.
For example; see below on the “Mansfield Road” investment. To lose money on this loan, the property would first need to lose 71% of it’s value (never happened on a correctly valued property, not even in the 2008 financial crisis). On top of that, it would need to lose a further 5% of it’s value as Kuflink take the first 5% loss on any default with their “skin in the game” guarantee. I know I keep harping on about this every month, but where else can you get 6.50% return with that kind of security?
The XIRR on Kuflink rose a bit this month from 3.95% to 4.86%. Interest is coming in more frequently now, plus I’ve had capital & interest paid back from some of the earlier loans I got into.
One thing I sometimes forget to point out is that some Kuflink loans pay interest at the end of the loan period, or annually, so XIRR for Kuflink looks low now, but when the payments from some of the delayed loans come in (mainly in the auto-invest portfolio), overall XIRR should jump up significantly, probably to around 6.5% – 7%.
Kuflink really are a very good option for lower risk – higher return investments in my opinion. I’ll be shooting more money over to them as more loans come out as I have done for the past year.
Kuflink valuation reports are fairly detailed. If you would like to check out the LTV’s for yourself; I put a link to a valuation report here that you can download if you’re interested in taking a look
Kuflink currently have a really great cashback offer for new investors – from £50 to £250 for a £500 to £5000 investment which is huge (5% on 5k is excellent). Click here for more information.
I sent over just a little more money to Kuflink in March as I already had some there waiting for new loans. Right after I did, I got an email from them saying they had an excellent opportunity with 6.5% return for a low 30% LTV, so I snatched up all I could get (£350 at the time). If you’re not familiar with Kuflink loans, they are very well secured indeed. When a loan has an asset secured LTV (Loan to Value) of 30%, it means that literally the asset would have to lose 70% of it’s value before investors would lose money.
On top of that, Kuflink have “skin in the game”. This means they have 5% of their own money in the loan and will take the first 5% loss on any loan that goes bad. So that means the asset would have to lose 75% of it’s value before investors lost money. I’m not sure that has ever happened on property, and if it did, it’s not something that happens often, so I’m willing to risk a lot more capital per loan on this type of investment.
Note on Kuflink XIRR
One thing I sometimes forget to point out is that some Kuflink loans pay interest at the end of the loan, or annually, so XIRR for Kuflink looks low now, but when the payments from some of the delayed loans come in (mainly in the auto-invest portfolio, overall XIRR should jump up significantly, probably to around 6% – 7%.
Kuflink really are a very good option for lower risk – higher return investments in my opinion and I’ll be shooting more money over to them as more loans come out.
I also picked up a few other loans. Not such low LTV’s as the last but still fairly decent at around 70%.
If you’re looking to invest with Kuflink, now is a great time as they have a great cashback going on from £50 to £250 for a £500 to £5000 investment. Click here for more information.
I sent more money over to Kuflink in February bringing my total to almost £5k. The more Kuflink loans I see, the more comfortable I get with them. Great rates with low LTV’s and their own “skin in the game” really does take some beating.
See below the LTV’s on some of the latest loans.
Kuflink now have a secondary market for buying and selling loans which really is a welcome addition. I picked up a few loans, the best of which was Brampton Road. If you remember, this was the loan with the crazy 28% LTV that I missed as it was gobbled up by investors within a couple hours of it being listed. £325 of it became available so I took the lot very quickly and I’m very happy with that decision. In order to lose money on this loan, the building would literally need to lose over 72% of its value, plus another 5% of Kuflinks “skin in the game”. If the economy got so bad that this happened, I think there would be a lot more to worry about than the £325 invested in this loan.
If you’re looking to invest with Kuflink, now is a great time as they have a great cashback offer going on from £50 to £250 for a £500 to £5000 investment. Click here for more information.
I continue to invest in Kuflink loans. They are all secured by property and typically at low Loan to Values (LTV). If you read some of my previous updates, you’ll remember I said I was considering putting more money in to Kuflink loans as I believe they are some of the best quality loans available, plus their LTV’s on some of their deals are not seen elsewhere. You’ll notice in the screenshot below that one of the loans had a LTV of just 34% (red circles).
I decided on this loan to take a leap of faith and do a big £500 chunk at 7% return. Although this doesn’t bode too well with my diversification rules per account, I feel this loan is relativity safe as it is only a 12 month bridging loan. If it were to go bad, the property would need to lose 66% of it’s value before I lost money. Added to that is Kuflinks “Skin in the Game” per the screenshot below (red box), where they take first loss before any other investor loses anything. So, overall about as safe as it gets in Peer to Peer lending.
Kuflink income doesn’t look great on the charts yet at an XIRR of 2.58% because some of the loans I’m invested in pay the interest annually so that will show up in a few months which will give a big jump in XIRR.
I really feel that Kuflink offer some great, safer loans at good return rates. If you’re looking to invest with Kuflink, now is a great time as they have a great cashback going on from £50 to £250 for a £500 to £5000 investment. Click here for more information. You can see my latest Kuflink Review here.
I decided again this month to add more funds to Kuflink. I sent over another £1500 so I could get in to some of the solid loans they are producing. Great opportunities with some very low LTV’s (one was around 17% again).
The XIRR calculations on Kuflink seem low because interest is paid annually on some loans. Once that gets paid we will see that number jump up significantly.
In last months update I mentioned that I might be willing to put more money into Kuflink loans, and that’s exactly what I did. I have decided with their “Skin in the Game” and the low LTV’s, I can put a bit more into their loans now. So, I sent another £1000 over to Kuflink. I increased my investment in loans that were still available to £100, and I now invest £100 into each new loan. We’ll see how it goes but I’m fairly comfortable.
Most of Kuflink’s loans are relativity short term (typically 12 – 18 months) and to this point, no investor has lost any money. I’ve noticed when some of their loans come through, you have to be quick to get in. I got an email about the St Margarets Road loan saying that it had a LTV around 17% which is very, very good and low risk, but by the time I had gone to the site to invest, it was full with nothing available to invest in! With that LTV, there is very little risk of losing capital if the loan goes bad. The asset would literally have to lose 80%+ of it’s current value for that to happen. I can see why it went quick. I would be very comfortable putting more money in to a loan like that, but I would need to keep the money available in the Kuflink account so I can quickly invest it.
I finally used up my un-lent capital with Kuflink last week so I will send a little more over. Their loan supply is quite slow, but the loans they have are very good and well vetted, and the asset security seems to be very reasonable along with their “skin in the game” (read the review for info). Still, I’m trying to diversify as much as possible. I’ve been putting £50 in per loan but I may increase that moving forward. Kuflink’s auto-invest accounts pay interest annually so I’ll need to wait to see my account grow from actual profit there.
As you can see in the account summary screenshot, I’m invested in both the auto-invest and the select invest portfolios.
I increased my investment in Kuflink by £400 in September as I decided to start and get more into the Select-Invest portfolio. Kuflink also gave a £100 cashback in September, which helped. I rounded off the account to £1000. Kuflink’s loan flow is variable but as new loans come up, I’ll keep investing in them and send more capital as required. Because Kuflink has a very good default recuperation record (no lender has lost money with them to date), and they invest 20% of their own capital into each loan on a first loss basis, I could place a larger amount into each loan. As they are still relativity new to me, I’ll take it easy and keep good diversification for now though.
Prior to September 2018, no screenshots were published, however you can still see the full updates below: