Wellesley & Co Reviews

  Ratings based on 6 reviews       Last review 1 year ago    

Wellesley & Co lend to borrowers whose assets provide tangible security over their loan. Smart Money People is the place for Wellesley & Co reviews. Read and write reviews to help increase trust and transparency in Financial Services.

Overall Rating

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Wellesley & Co Review Insight

What are people saying in their reviews?

Ease

60% of feedback is Process related

Customer profile

Top Age Profile: 65+

Top Channel Preference: Online

Wellesley & Co Products 6

Peer to Peer Lending

Antiquated systems, very poor bad debt record

Antiquated systems (ages before I was able to get monthly income directed to my bank account), very poor bad debt record (a largg slice of my 5yr investment is currently in default, so clearly not well enough spread), persistent emails trying to get... Read more

Antiquated systems (ages before I was able to get monthly income directed to my bank account), very poor bad debt record (a largg slice of my 5yr investment is currently in default, so clearly not well enough spread), persistent emails trying to get me to invest more. I'm definitely glad I only put a toe in the water with them with a very small slice of my investment pot. Never again.

Reviewed on 16th January 2020
Purple's avatar
Purple
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Peer to Peer Lending

Had a great experience with wellesly

Quick and easy to invest and gain returns above what other standard current account offer. Withdrawals and prompt and within the time frame specified.

Reviewed on 23rd May 2016
Beckie Elizabeth Martin-Scott's avatar
Beckie Elizabeth Martin-Scott
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Peer to Peer Lending

Hard to get verified, bad interest rates, and open during banking hours only.

To be verified you will need to physically mail in official copies of banking statements, your ID, and other personal information with public notary stamps on it. If you do online statements you can not be verified here as those will not count.... Read more

To be verified you will need to physically mail in official copies of banking statements, your ID, and other personal information with public notary stamps on it. If you do online statements you can not be verified here as those will not count. Without verification it is impossible to invest here. The interest rates are only so-so and the better long-term rates do not offer compound interest. On top of it all, the company is only available during banking hours! There are much better places for investing that are easier to work with, easier to use, and with better interest rates.

Reviewed on 15th April 2016
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Red Black
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Peer to Peer Lending

Trustworthy

I would recommend Wellesley & co to friends and family as they are trustworthy and seem to be well equipped to handle my queries.

Reviewed on 16th March 2016
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Rosie
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Peer to Peer Lending

Better interest rates for savers

The dismal interest rates available from banks made me turn to peer to peer lending, with a little trepidation. The whole process was very easy, all done online, sending the money from my bank and then choosing from a number of different interest... Read more

The dismal interest rates available from banks made me turn to peer to peer lending, with a little trepidation. The whole process was very easy, all done online, sending the money from my bank and then choosing from a number of different interest rates and period for saving. I chose an 18 month savings rate and was very pleased when it recently matured. The return was avbout 3 times the best rate available from a cash isa. Yes there are risks but these are explained on the website. I would recommend it as an option for some of your savings.

Reviewed on 24th December 2015
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Geoff Spurr
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Peer to Peer Lending

Good rates on offer

As I'm approaching retirement I have a fair bit of cash in accounts that are not exactly seeing much of a return. So Ive been looking around and came across Wellesley. They seem to be one of the more established companies that are offering rates I... Read more

As I'm approaching retirement I have a fair bit of cash in accounts that are not exactly seeing much of a return. So Ive been looking around and came across Wellesley. They seem to be one of the more established companies that are offering rates I haven't seen for my savings since the 90s so a welcomed addition to my financial providers.

Reviewed on 11th December 2015
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AnneM
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