Kuflink reintroduces mezz and second charge loans

Kuflink has reintroduced a suite of mezzanine and second charge loans in response to growing demand for property finance.

The peer-to-peer lending platform is now offering second charge loans with a loan-to-value of up to 80 per cent.

It has also debuted an auto-valuation model (AVM) which can deliver loans of up to £500,000 with a maximum loan-to-value of 70 per cent.

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Desktop valuations are available on loans of up to £600,000 with a loan-to-value of up to 80 per cent.

Paul Auger (pictured), head of originations at Kuflink, said that the new product offerings and platform updates have been made in response to demand from its borrower community.

“In order to assist our borrowers and contribute to meeting the current housing demand, we’ve reintroduced mezzanine and second charge loans, and improved our AVM criteria,” said Auger.

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“This follows a comprehensive analysis of our loan performance and general property market data.”

As part of an overall enhancement of its product range, Kuflink is also offering expedited legals through its title indemnity insurance scheme for deals that are extra time sensitive.

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