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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?
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 other peer-to-peer lenders, all of Wellesley & Co's loans are property-backed bonds, meaning money is loaned against an asset that can be seized if the borrower defaults on their loan. However, this doesn't guarantee you''ll get all your money back.

Is peer-to-peer investing right for you?

Peer-to-peer lending involves considerable risks, and several platforms have collapsed in recent years. Be aware:

  • Peer-to-peer platforms are not protected by the Financial Services Compensation Scheme
  • Returns are not guaranteed, and past performance does not serve as a reliable guide
  • Contingency funds can't be relied upon
  • You could face long waits to withdraw your money 

If you don't want to take risks with your money, opt for a savings account.

If you're happy to take risks whilst investing, make sure you have a balanced portfolio.

What rates does Wellesley & Co offer?

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

  • 1 year property bond - 3% p.a. advertised return
  • 3 year property bond - 4% p.a. advertised return

The minimum investment is £1,000.

Bonds are periodically offered; Wellesley then takes the money and then lists it on the Euronext Dublin exchange.

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.

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

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

Early access to your money is not guaranteed: you need other investors on the Euronext Dublin exchange to buy your bonds.

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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