What is Wellesley & Co?
Wellesley & Co offers individuals 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.
At time of writing,Wellesley & Co has suspended its peer-to-peer products and not yet revealed details of when it will re-launch or what the products will look like when it does. We will update this page when more details emerge.
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Star ratings out of five show levels of satisfaction for each category. Hyphen indicates not enough responses received to assign star rating.
What Wellesley & Co's customers say about them
"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."
Alternatives to peer-to-peer websites
If you're looking for a loan, it's worth checking out Which? Best Rate personal loans, too.
In almost all cases you'll want to build up cash savings (in Isas or savings accounts) before considering putting your money into a more risky investment such as peer-to-peer lending.
If you're looking for higher returns you might want to consider other investments.