In the Spotlight this week is Tarlochan Garcha, CEO at Kuflink. He joined last October, after a 17-year career in Banking and focuses on systems, controls and risk management at the firm.
How is Kuflink different to other property P2P lenders?
Kuflink is a property peer-to-peer lender that lends with you: We have skin in the game as we lend 20% alongside lenders on the platform in every deal. It means we believe in every transaction and every property on our platform and aren’t afraid to put our money where our mouth is.
Do you agree with the greater legislation on the P2P market?
Absolutely, regulation is never a bad thing and given this is a relatively new sector, we need to gain confidence across the board and tighter regulation is one way to achieve this.
Can technology really revolutionise property investing?
Yes. Due to lifestyle changes, technology has a key role to play making property investment easy, simple to use, informative and provide real-time updates on investments. Technology, unlike other channels of investment is available 24/7, 365 days.
What are the biggest issues facing the buy-to-let market in the current economic climate?
We saw more regulation in 2016 and further regulation to be implemented later in 2017. We have not seen a slowdown in the market due to this and demand remains steady. There is clear appetite to continue lending in the sector.
If there was one headline that you would like to see about the housing market in 2017, what would it be?
Housing market continues to boom with double digit growth.