Peer-to-Peer Lending: Frequently asked questions

Peer-to-Peer Lending FAQs

Peer-to-Peer lending at a glance

Wellesley is a leading alternative finance platform that enables investors to make healthy returns on their capital in the form of attractive interest rates, by connecting them with creditworthy borrowers seeking a competitive source of funding.

How are funds used?

Wellesley offers asset backed loans to small businesses and individuals. Assets that the loans are secured against include tangible assets primarily but not exclusively limited to residential property.

Wellesley matches investor’s funds against loans made by Wellesley Finance. All loans submitted to Wellesley Finance are scrutinized by the Wellesley Business Acceptance Committee prior to being accepted onto the loan book.

Minimum Investment

The minimum you can invest is £10, there is no maximum.

Tax treatment

Yes, as a lender you will have to pay tax on the interest your make. Tax treatment depends upon your individual circumstances and may be subject to change in the future.

Wellesley does not provide any advice or guidance in relation to tax or otherwise and therefore we strongly recommend that you consult an independent financial advisor or tax advisor if you are unsure as to what your tax obligations are.

It is your responsibility to ensure that any tax liabilities which you incur (though interest earned) are paid to the relevant tax authority.

Tax statement are available to download online via your Wellesley account. Wellesley do not issue paper statements.

Wellesley pays gross interest on all Peer-to-Peer lending terms.

Who can invest in Peer-to-Peer lending?

To invest you must be 18 years or older and a UK resident, with a UK bank account. UK companies can also invest with Wellesley.

If you are a Non UK resident and hold a UK bank account, you are eligible to invest on the Wellesley Peer-to-Peer lending platform. You can register for an account either online or by completing an Application Form. Please contact our Customer Service team for an application form.

It is a UK regulatory requirement that we verify your identity prior to opening your account; in order to process your account we will require you to provide documentation in order to verify your details. You will receive instruction via email detailing the documents required to verify your personal details.

Please note, our Peer-to-Peer lending product is not currently available for investment. We are therefore not accepting Non UK applications at this time. If you would like to sign up for update on our Peer-to-Peer lending product, please click here.

How do I set up an account?

Registration is completed either online here or by downloading and completing an application form. Contact our Customer Service team for an application form. Please email your completed application form by email to or send it by post to:

New Accounts, Wellesley, St Albans House, 57-59 Haymarket, London SW1Y 4QX.

What is Auto-Matching?

Auto-Matching is a tool that Wellesley has created to ensure all lenders receive the maximum level of diversification possible. The Auto-Matching process runs each week matching lender funds to the entire loan book on a volume weighted basis, meaning that each lender has a proportionate amount of exposure to every loan. During the same weekly process it will rematch existing lenders allowing them to have the best diversification at that present moment in time, but also an improved diversification as the Wellesley loan book grows.

Why is some of my money un-matched?

As loans repay from the loan book and before new loans are made there will be times where some of your investment is not matched. In this situation, your funds will be held in a segregated bank account and will not be used for any other purpose. It is important to note that you will continue to earn interest on 100% of your investment, regardless of whether your funds are matched to loans or not.

Can I access my money early?

Please note, Early Access is subject to Wellesley’s absolute discretion and there being another lender able to take your place.

At the submission of an Early Access request, Wellesley will remind customers of the parameters within which Early Access will be permitted and get in touch with further questions surrounding the request.

All investments which the investors Early Access relates, will be subject to an administration fee (between 0% to 1% determined by the duration in the product), loss of interest and any promotional penalties. The fee (including any promotional penalties) will be fully disclosed to the investor prior to the request being finalised.

As all Early Access requests have been dealt with on a discretionary case by case basis, and are subject to there being another lender, it means that even if you have been offered Early Access in the past, it does not guarantee that your request will be accepted.

Are my funds covered by the Financial Services Compensation Scheme (FSCS)?

Peer-to-Peer lending is not covered by the Financial Services Compensation Scheme (FSCS). At Wellesley every loan we make is backed with security over property in the United Kingdom which could be sold in the event of a borrower defaulting.

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.

Should you have any other questions please feel free to email or call us.

Call our Customer Service team on:
0800 888 6001

(Monday to Thursday 8.30am – 5.30pm, Friday 8.30am – 4.30pm)

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Investment through Wellesley & Co Limited 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 & 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 & Co Limited (No. 07981279) is registered in England and has its registered office at St Albans House, 57/59 Haymarket, London SW1Y 4QX.

Require further information?

Call our Customer Service Team on 0800 888 6001 or e-mail us on