Two P2P Lending Companies Back From The Brink

Any industry routinely sees movement within it: new companies being set up, while some old ones close down – sometimes by choice and other times through bankruptcy. Or the movement involves existing companies that shift sideways into or out of the industry, when they change their plans or business models.

LandlordInvest has re-opened lending

So, when the CEO of a company announces publicly that it is winding down, you usually expect that is what’s going to happen. With LandlordInvest a couple of years ago, the CEO and founder did just that.

Afterwards, from July 2024 onwards, LandlordInvest approved no new loans and the existing loanbook steadily wound down. That loanbook largely consisted of short-term property (bridging) loans and buy-to-let loans.

At the beginning of 2026, stories began to emerge of a rebirth.

Yet, by July 2026 (which is the latest data we have), just three out of 97 loans were still outstanding. Most of the rest were repaid in full, with a few write-offs.

However, one of the original angel investors in LandlordInvest has now bought it and stepped in as the CEO.

And now, in the September just gone by, after a two-year hiatus, LandlordInvest approved two bridging loans with a combined value of nearly £900,000. One loan was offering 15% to lenders and the other 10%. This month, a third loan has been launched for another £450,000.

I had a video call with the new CEO – and another director of LandlordInvest – while he was at the bank completing the final paperwork on the first of those loans, in order to get lenders’ funds released to the borrower.

I learned that at least 20 lenders took part in that loan through LandlordInvest’s online lending platform, alongside the shareholder and friends and family. Everyone is lending on the same terms.

Now, 4thWay has an awful lot of work to do in reassessing LandlordInvest after all these years, and there are a lot of details about this provider that lenders need to know.

I’ll be leading this research with the company’s cooperation. I’ll write up a report for you as soon as this is done.

Kuflink shows a further sign of flickering back to life

Kuflink’s story is different in that it never announced it was closing.

It has always insisted that it intends to come back from the situation it got itself into last year. (See Kuflink In Trouble With The Financial Conduct Authority.)

It is beginning to make good on this.

For context, Kuflink reported £72 million in new lending in the 12 months to October 2025. Those were all in bridging and property-development loans.

Since then, up to end September 2026, it reported just £4 million in additional loan tranches. All the loans for which 4thWay got to see the basic details throughout 2026 showed just a small drip of additional tranches of cash being raised by existing borrowers, as planned, to top up their existing loans. But no brand new loans.

Now, Kuflink appears to have approved at least one completely new loan (split into at least two tranches with different risks and rates). An email went out about this to at least some Kuflink lenders in September.

This is the first new Kuflink loan that has been brought to 4thWay’s attention this entire year.

As reported on the 29th of June in Good News For Kuflink Lenders, the financial regulator withdrew one of its restrictions on Kuflink a few months ago. That one forbade it from accepting new customers, i.e. lending to new borrowers or signing up new lenders.

Even so, Kuflink’s website still states that there’s a waiting list for new lenders to be able to open lending accounts.

It has operated this waiting list for over a year, after telling 4thWay it was briefly pausing new registrations simply for business purposes – but before the regulator had updated its register to explain that Kuflink had actually been restricted from taking on new customers from August 2025 onwards.

I think Kuflink probably has to rebuild a pipeline of new loans before it can take on many new lenders, so my guess is that more loans will be approved first before it eventually cancels the waiting list.

See the history of the Kuflink story

Kuflink In Trouble With The Financial Conduct Authority, 11th December, 2025.

Brief Kuflink Update, 13th April, 2026.

Kuflink Update On Selling Loans And Its Name Change, 20th June, 2026.

Good News For Kuflink Lenders, 29th June, 2026.

Kuflink: Just What Are They Thinking? 23rd July, 2026.