Howard Kennedy secures FCA approval for Kuflink and its real estate P2P platform
Law firm Howard Kennedy has secured full Financial Conduct Authority (FCA) approval for Kuflink and its peer-to-peer real estate lending platform.
It is the second approval the firm has secured for P2P lending platforms from the FCA in as many months, having secured full approval for Relendex in March 2017.
Authorisation was secured on 26 April, demonstrating the rigour and governance of Kuflink’s platform. FCA approval will provide reassurance and confidence for its borrowers and lenders.
Kuflink’s P2P platform sits alongside its bridging loan operations, Kuflink Bridging Ltd. The company differentiates itself in the market by providing bridging lending alongside every deal on its platform. This two-tier underwriting process means that only the very best deals made it on to its platform.
Tarlochan Garcha, Chief Executive Officer at Kuflink said:
This is a significant milestone for Kuflink and our clients - it is validation for our business model. Our clients can now take confidence in our FCA authorisations and the fact that every deal on our platform is backed by lending from our own bridging finance team. We are grateful to the advice and support provided by Howard Kennedy.
We are proud to have assisted Kuflink with this process. It is a new entrant to this market, but has secured full authorisation in the space of under a year, and prior to quite a few of the market's better-known names.
Howard Kennedy is currently advising and in discussions with five other peer-to-peer platforms at various stages of the process of securing full FCA authorisation.
About Howard Kennedy
Howard Kennedy has 53 partners and numbers 350 people in total and works alongside national and international clients across many disciplines, including banking, corporate and commercial, family, finance, employment, dispute resolution, intellectual property, private client, real estate and tax. Howard Kennedy has particular focus on the Financial Services, Media and Technology, Real Estate, Retail and Leisure, Sports Individuals sectors.
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Daryl Atkinson, Business Development & Marketing DirectorHoward KennedyDaryl.Atkinson@howardkennedy.com