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Wellesley & Co review

If you're thinking about saving or borrowing money through a peer-to-peer lending website, read our in-depth Wellesley & Co review.

In this article
What is Wellesley & Co? What rates does Wellesley & Co offer? How quickly can I get my money out of Wellesley & Co? How does Wellesley & Co manage risk for investors?
How does Wellesley & Co make its money? How do customers rate Wellesley & Co? What do customers say about Wellesley & Co? Get top money-saving tips from Which?

What is Wellesley & Co?

Wellesley & Co offers individual investors a way to lend money to property developers. 

Unlike with other peer-to-peer lenders, all of Wellesley & Co's loans are asset-backed, meaning money is loaned against an asset (for example a piece of property) that can be seized if the borrower defaults on their loan. 

What rates does Wellesley & Co offer?

Currently, Wellesley & Co. offers two property based investments.

Wellesley Property Mini-Bond

The Wellesley Property Mini-Bond sees you lending money to property investors, secured against residential properties.

The minimum investment is £100 and you can invest for between one and five years. The rates on offer are as follows:

How interest
is paid
Annual interest
on one year
Annual interest
on two year
Annual interest
on three year
Annual interest
on five year
Interest paid on maturity 3% 4% 5% 6%
Interest paid monthly 2.95% 3.85% 4.65% 5.25%

Wellesley Property Bond

The Wellesley Property Bond follows a similar principle to the min-bond in that you make loans to residential property developers which are secured against a property. 

But minimum investment levels, at £1,000, are higher and it is only available for a three-year fixed term, paying 4.65% per annum.

The advantage of this bond is that it can be held in an Isa. The rub, however, is that it is not open for investment at the moment. 

How quickly can I get my money out of Wellesley & Co?

As Wellesley's property bonds are long-term investments, it's unlikely that you can get your money out before the term ends. 

You can request your money back after one year, but the company states it has no obligations to allow it, and will only do so under 'exceptional circumstances'. 

How does Wellesley & Co manage risk for investors?

Wellesley states that 'all loan applications are rigorously evaluated by our highly experienced Credit Committee.'

Once a loan has been issued, there is a legal charge placed on the underlying property, which means that a trustee can take control of it to recover any capital and interest payments.

You should note that the Wellesley Property Bond is not covered by the Financial Services Compensation Scheme.

How does Wellesley & Co make its money?

Investors aren't charged any fees. Instead, Wellesley levies a 2% arrangement fee on its loans to borrowers. 

How do customers rate Wellesley & Co?

Every year, Which? asks thousands of real customers to rate peer-to-peer lending websites and share their experience of using them.

From this survey, we generate a customer satisfaction score, based on a customer's overall satisfaction with a brand and their likelihood to recommend that brand to a friend. 

Here's how Wellesley & Co. was rated this year. 

Peer-to-peer lending
Wellesley & Co.
Peer-to-peer lending
4th= out of five peer-to-peer lenders
Which?'s rating for customer satisfaction, based on feedback from real customers. The score is made up of a customer's overall satisfaction with the brand, and how likely they are to recommend that brand.
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£1 for first month then £10.75/month unless cancelled

With a Which? Customer Score of 60%, Wellesley sits in joint fourth position, along with Funding Circle. 

That doesn't necessarily suggest that Wellesley has poor customer satisfaction, but it doesn't match the likes of RateSetter, which sits at the top of our table. 

Aspect of service Star rating
Interest rates

3 out of 5

How it explains risks to investors

4 out of 5

Default rates -
The variety of products available -
Ease of using the website

3 out of 5

Customer service


Clarity of its T&Cs

4 out of 5

Overall experience

3 out of 5

Online community -


Star ratings: a - indicates that we did not get enough responses on a particular aspect of a provider's service to generate a star rating.  

What do customers say about Wellesley & Co?

"I have had no problems with them and their borrowers appear to be well secured."

"Good track record. Interest not as good as some competitors, but security 'feels' good."

"To date there have been no issues. Interest is paid monthly and has always been paid."

Click here to visit Wellesley & Co.

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