P2P Money Blog

Wellesley & Co, one of leading second generation of peer-to-peer lending companies, has announced it is launching a mini-bond.  The rates being offered (6-7%) are very similar to the existing lending rates through the Wellesley & Co lending platform.

New lenders can still receive £50 cashback for signing up to Wellesley & Co through the P2P money cashback website.

Here is the full statement from Wellesley & Co:

• Wellesley Finance plc announced it is launching it's first mini-bond
• 6-7% per annum (gross) on terms of 3-5 years
• The bond will be released within several days

Important information: Before you subscribe to any Wellesley Savings Bond you should make sure you fully understand the risks which are set out in the Invitation Document and you should determine whether the investment is suitable for you on the basis of all the information contained in the Invitation Document.  In the event that the company becomes insolvent, you may loose some of all of your investment.  If you are in any doubt about the contents of the Invitation Document or the action you should take, you are strongly recommended to consult a professional financial adviser.