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.
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."
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