Kuflink reappoints Narwal to spearhead renewed focus on bridging

Published on

Bridging lender Kuflink has announced the return of Ranjit Narwal as head of origination, as the firm aims to strengthen its presence in the intermediary-led short-term lending market.

Narwal (pictured) rejoins the Kent-based lender following a year with Connect for Intermediaries and brings more than 35 years of financial services experience.

His career began in life insurance sales before progressing into the mortgage sector, where he held roles across underwriting and broker sales, including time at Mortgage Express and iGroup. He also gained direct experience of the second charge sector during a stint at Endeavour Personal Finance.

His reappointment comes as Kuflink reaffirms its bridging roots and looks to re-engage more directly with brokers. The company, which launched in 2012 as a bridging lender, expanded in 2016 with the introduction of a peer-to-peer investment platform designed to fund its bridging loans.

Kuflink said the success of the platform, which relies on private investor funding rather than corporate capital, has allowed it to shift its focus back toward intermediary-led growth.

Molly Hepburn, director at Kuflink, said: “Kuflink started life as a bridging lender in 2012 and has successfully grown organically ever since. In 2016, we launched our P2P platform to attract private investors to fund the bridging loans we offer.

“Its success means that we can now concentrate on growing our presence in the intermediary bridging market, which is why I am delighted to welcome Ranjit back.

“He is charged with developing our introducer base and bringing the Kuflink brand to a wider broker audience.”

Narwal said he is looking forward to building awareness of the lender’s offering among brokers who may not yet be familiar with its capabilities. “Kuflink historically has a strong reputation for getting bridging and development finance cases done but had become something of a well-kept secret for brokers in the know, as the business concentrated on developing its P2P platform,” he said.

“Kuflink is one of very few bridging lenders that does not rely on corporate funding and has a close knit team with a huge amount of lending experience.

“These are the reasons why I am so excited to be coming back and taking on the role of turbocharging Kuflink’s short term lending presence in the broker market.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Finova adds equity finance provider to lender panel

Finova has added equity finance provider Pauzible to its Payments lender panel, bringing the...

Prime London property market slows in May as buyers and renters show caution

The prime London property market endured a muted May, with sales volumes and lettings...

Arc & Co. and UTB complete bridge in three weeks for overseas client

Arc & Co. has completed a £770,000 bridging loan for a foreign national borrower...

Clydesdale drops residential and BTL mortgage rates

Clydesdale Bank is set to implement a series of rate reductions across its residential...

Reward appointment to drive growth in London and the South East

Alternative lender Reward Funding has strengthened its presence in the South of England with...

Latest opinions

FCA’s mortgage rule changes: it’s time to raise the advice bar, not drop it

The FCA’s move to relax some of the rules around mortgage switching and term...

Tom Bill: Unintended consequences

Former Prime Minister William Pitt the Younger introduced a brick tax in 1784 to...

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

Other news

Finova adds equity finance provider to lender panel

Finova has added equity finance provider Pauzible to its Payments lender panel, bringing the...

Prime London property market slows in May as buyers and renters show caution

The prime London property market endured a muted May, with sales volumes and lettings...

Arc & Co. and UTB complete bridge in three weeks for overseas client

Arc & Co. has completed a £770,000 bridging loan for a foreign national borrower...