So that you can monitor the performance of our
lending, we have provided a selection of information below.
To date, Wellesley Finance has made 281 loans
at a value of £670 million.
Wellesley Group provides finance to experienced property developers, specialising in development funding.
Our strategy is to lend to borrowers whose loans are secured on mid-priced property throughout the UK, on loans typically between £2 million and £20 million. All loan applications are rigorously evaluated by our Credit Committee, and we place our own funds into every loan that we make, providing additional confidence to our investors. We use the interest paid by those borrowers to pay competitive rates to our investors.
Performance To Date
|Facilities £ million||Loss Count**||Capital Loss £million†||Interest Loss £million***||Lifetime Loss Ratio % #||Expected*|
Figures correct as at 26/4/2018 and updated quarterly. Figures subject to daily change. Loan Book performance may go up as well as down.
†Losses are made up of actual crystallised losses and losses which have been provisioned for.
* Expected losses (as a percentage of all lifetime default rates of amount lent in the calendar year of the loan).
** Actual losses (of the total lent by the platform in the calendar year of the loan).
*** This is a new data point that Wellesley is reporting and relates to the amount of interest that has been suspended, however under IFRS reporting must be reported as a provision.
# Lifetime Loss ratio is calculated as gross facilities versus capital loss
Please note, provisions have been made by Wellesley Finance on a discretionary basis and do not represent any form of guarantee to investors. To read more click here.
Average interest rate
earned by investors to date
*Past performance is not indicative of future results, and this cannot be guaranteed in the future.
Current Loan Book Performance
(Standard & Enhanced Monitoring)
Based on facility limit. The value of non-performing loan facilities relative to total loan facilities may decrease during periods of loan book growth.
To read more about Loan Performance click here.
Homes Built & Under Construction
Average Loan Size
*Average loan size in 2016 and 2017.
Geographical Breakdown of Loan Book
Top 5 areas of Loan Book Breakdown
Investment through Wellesley involves lending to individuals or companies and therefore your capital is at risk and interest payments are not guaranteed if the borrower defaults. It is important to remember that historic loan default rates are not necessarily indicative of future default rates.
Wellesley Secured Finance Plc (the Issuer) was established as a special purpose vehicle for the sole purpose of issuing asset backed securities. Wellesley Secured Finance Plc is not part of Wellesley Group Limited. Wellesley Secured Finance Plc is not authorised or regulated by the Financial Conduct Authority. Wellesley Secured Finance Plc are not covered by the Financial Services Compensation Scheme.
The Wellesley Mini-Bonds and the Wellesley Property Mini-Bonds are issued by Wellesley Finance Plc, a company incorporated in England and Wales with its registered office at 6th Floor, St Albans House, 57/59 Haymarket, London SW1Y 4QX. The information contained in this webpage which relates to Wellesley Mini-Bonds and Wellesley Property Mini-Bonds has been approved as a financial promotion for UK publication by BDO LLP, 55 Baker Street, London W1U 7EU (FRN: 229378) which is authorised by the Financial Conduct Authority to conduct investment business.
The Wellesley Property Bond is issued by Wellesley Secured Finance Plc (10565816) whose registered office is at 35 Great St. Helen’s, London EC3A 6AP. The information contained in this webpage which relates to the Wellesley Property Bond financial promotion has been approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by The Share Centre Limited. The Share Centre Limited is authorised and regulated by the Financial Conduct Authority and is entered in the register under 146768.
Wellesley is the singular name for the following collective of companies, Wellesley Group Limited (09811856), Wellesley & Co Limited (07981279) and Wellesley Finance Plc (08331511). Wellesley & Co Limited is authorised and regulated by the Financial Conduct Authority (FCA) (Registration Number 655503). Wellesley & Co Limited is not covered by the Financial Services Compensation Scheme. Wellesley Finance Plc is not authorised or regulated by the Financial Conduct Authority. Wellesley Finance Plc and Wellesley Secured Finance Plc are not covered by the Financial Services Compensation Scheme.
Wellesley & Co Limited and Wellesley Finance Plc are registered in England and Wales and their registered office is at St Albans House, 57/59 Haymarket, London SW1Y 4QX. The trading address for both Wellesley & Co Limited and Wellesley Finance Plc is St Albans House, 57/59 Haymarket, London, SW1Y 4QX. The registered address for Wellesley Secured Finance Plc is at 35 Great St. Helen’s, London EC3A 6AP.