Kuflink launches IFIsa
Team at Kuflink

Kuflink launches IFIsa

P2P lender Kuflink has announced the launch of three products, including a new property-backed Innovative Finance Isa that can be started with a minimum investment of £100.

This Isa gives investors the option to have either a one- or a three-year fixed term, with capital repaid at the end of the term and interest paid annually (between 4-5%).

Under the current 2017/18 allowances, up to £20,000 pa can be invested.

In addition, the sister business to Kuflink Bridging has launched an auto-invest product that allows investors to invest in a pool of properties to spread risk.

This product is open to both individuals and corporate companies.

Kuflink has also introduced the select-invest product which has a minimum investment of £100 and minimum top up of £100.

The client (individual or corporate) has the choice to invest from a selection of properties and benefits from the 20% stake taken by Kuflink Bridging in each property investment.

Tarlochan Garcha, CEO of Kuflink, said: “We are delighted to bring these three products to the market, particularly our new Innovative Finance Isa, which is one of a very small number of similar opportunities for investors to invest in P2P with all the tax-free advantages of an Isa wrapper.

“Our existing offering, now called select-invest, has been rebranded to differentiate it from the other products and – along with the auto-invest product – provides options for individual and corporate customers who want to see a return that is so much more competitive than leaving money on deposit.”

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