Commercial News

Kuflink's investments recover to pre-Covid levels

Rozi Jones -
|
11th November 2020
Narinder Khattoare Kuflink
"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"

Peer-to-peer bridging lender, Kuflink, has announced that new investments have recovered to pre-Covid levels as the platform approaches a new high of £95m.

The company launched its bridging and development finance offering to intermediaries in 2016 and to date has paid back over £59 million in capital to investors, not counting interest.

In February, Kuflink had reached £75 million when Covid-19 began and says that although there were withdrawals by investors, the outflow was never significant. In the period since the end of the first lockdown, investment amounts have returned strongly, much of it from existing investors.

Chief executive, Narinder Khattoare, said: “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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