Lending Statistics

 
Current Loan Book
Number of loans100
Total loan facilities £228,147,222
Value of the security£344,680,405
Weighted average loan to value *69%
* Volume weighted calculation based on the loan-to-value (LTV) ratio of bridging loans and the loan-to-gross development value (LTGDV) of development loans
Historic Loan Book
Number of loans246
Total loan facilities£366,495,846

Loan Provisioning
Loan balance eligible for Loan Provisioning£141,368,830
Projected losses (1%)£1,413,688
Gross Loan Provisioning balance£4,109,476
Losses provided for£4,114,514
Losses covered by Wellesley Finance£4,114,514
Losses covered by Loan Provisioning£0
Loan Provisioning balance available£4,109,476
Wellesley Finance have provided for all losses as at 30.09.2016
Loan provisioning sets out the minimum level of funds that Wellesley Finance Plc has committed to allocate from its own funds for the protection of the Peer-to-Peer customer investments in the event of a default. Loan Provisioning operates on a loan by loan and discretionary basis and is determined according to the size of the current loan book and the risks associated with it. Therefore, the Loan provisioning balance will fluctuate as new loan facilities are granted and existing loans are repaid. At the discretion of Wellesley Finance losses incurred may be absorbed rather than provided for by recourse to Loan Provisioning.
 

Default Statistics

Loan losses provided for as a percentage of total current loan facilitiesResulting losses to
P2P customers
ExpectedActual
2016 1.00%1.8%*0.00%
2015
(year end)
1.00%0.55%0.00%
2014
(year end)
1.00%0.00%0.00%
2013
(year end)
1.00%0.00%0.00%
* As at 30.09.2016
 

Investment through Wellesley & Co 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.