Comparing the Wellesley Bond products

In order to educate you on the differences between the Bonds, and to help you make an informed investment decision, some of the characteristics of the Wellesley Property Bond and the Wellesley Property Mini-Bond are listed below.

The Wellesley Property Bond

The Wellesley Property Mini-Bond

Property Bond: Listing

The Wellesley Property Bond is listed on the Irish Stock Exchange and is tradable. This means its Bond listings must comply with the listing agency which is duty bound to comply with the transparency directive on an ongoing basis.

Property Mini-Bond: Listing

The Wellesley Property Mini-Bond is not listed. Unlisted Bonds are not listed on an exchange and are non-tradable.

Property Bond: Minimum denomination

£1,000

Property Mini-Bond: Minimum denomination

£100

Property Bond: Security

Secure Bond, backed by UK residential property.

Property Mini-Bond: Security

Secure bond, backed by UK residential property.

Property Bond: Transferability

Listed Bonds are transferable, depending on the issuer. Wellesley holds absolute discretion as to whether it will repurchase its Bondholders redemption requests prior to the end of the initial fixed term.

Property Mini-Bond: Transferability

Wellesley Property Mini-Bonds are non-transferable and usually operate under a fixed term so that the investor must hold the Bond until maturity. Wellesley Bondholders may submit a request for early redemption after the first anniversary of the Bond, the company will be under no obligation to accept Bondholders request for early redemption.

Property Bond: Interest

Typically an annual, semi-annual or monthly payment of a fixed amount of interest. Wellesley offers a monthly interest payment on the Property Bond.

Property Mini-Bond: Interest

Typically an annual, semi-annual or monthly interest payments. The Wellesley Property Mini-Bond offers monthly interest on interest on the maturity of a Bondholders investment.

Property Bond: Availability

To hold the Bond within an ISA, accounts must be held with the Share Centre, one of the UK’s leading stockbrokers. Standard investment accounts are offered through the Wellesley platform.

Property Mini-Bond: Availability

Offered through the Wellesley platform.

Property Bond: ISA eligibility

In most cases, Listed Bonds are eligible to be held with an investors ISA wrapper, enabling them to earn tax free returns. Bondholders may hold the Property Bond within an ISA, through The Share Centre.

Property Mini-Bond: ISA eligibility

Unlisted Bonds are not ISA eligible.

Property Bond: Issued by

Issued by Wellesley Secured Finance Plc, which 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.

Property Mini-Bond: Issued by

Issued by Wellesley Finance Plc, which is part of Wellesley Group Limited.

Property Bond: FSCS

Bondholders investments are not protected by the FSCS, and their capital and interest are at risk.

Property Mini-Bond: FSCS

Bondholders investments are not protected by the FSCS, and their capital and interest are at risk.

Property Bond: Diversification

Property Bondholders funds are diversified across a minimum of 5 loans on the platform.

Property Mini-Bond: Diversification

Property Mini-Bondholders funds are diversified across all eligible loans on the platform.

Property Bond: Regulation

Property Bond is issued by Wellesley Secured Finance Plc, who is not authorised or regulated by the Financial Conduct Authority. It has been approved as a financial promotion for UK publication by Wellesley & Co Limited which is authorised and regulated by the Financial Conduct Authority. Investment is not covered by the Financial Services Compensation Scheme (FSCS).

Property Mini-Bond: Regulation

Property Mini-Bond is issued by Wellesley Finance Plc, who is not authorised or regulated by the Financial Conduct Authority. It has been approved as a financial promotion for UK publication by Wellesley & Co Limited which is authorised and regulated by the Financial Conduct Authority. Investment is not covered by the Financial Services Compensation Scheme (FSCS).

Property Bond: Who can apply?

Investors must be a resident of the UK, Channel Islands or Isle of Man to apply for the Bonds.

Property Mini-Bond: Who can apply?

There are four types of investors that can invest in the Wellesley Property Mini-Bond (Everyday Investor, High Net Worth Investor, Sophisticated Investor and Self Certified Sophisticated Investor).

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 (FSCS).

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) under interim permissions (Registration Number IP655503). 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, UK.

Require further information?

Call our Customer Service Team on 0800 888 6001 or e-mail us on info@wellesley.co.uk