Kuflink to add second-charge lending this year
Kuflink plans to introduce second-charge lending, as it seeks to expand its product offerings this year.
Paul Auger, head of products at the property lending platform, told Peer2Peer Finance News that Kuflink is currently beta-testing some second charge lending products, with the aim of rolling them out later this year.
“We’re looking to enhance the projects that we do on the bridging side and introduce second charge lending both on the commercial side and the consumer side,” Auger said.
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“Once we bring out a second charge product we’re going to be entering a very competitive marketplace, so we are spending more time and effort making sure our tech is fit for purpose and enhancing it.
“We are working with a few people in the second charge marketplace to design a product that we feel is suitable for the market.”
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Auger added that Kuflink is also planning to launch consumer credit products, as well as a number of commercial products, and Auger added that “the company has some very aggressive growth plans over the next two to three years.”
In preparation for this expansion of its business, the company has been growing its staff, employing more people in sales, underwriting and investor relations roles. It is also developing an app which will allow borrowers and lenders to access all of Kuflink products in one place.
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