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Wellesley & Co Reviews

Ratings based on 5 reviews Last review 2 years ago
4.2 / 5Great overall rating

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.

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Your Wellesley & Co Reviews (5)

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15th April 2016

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....

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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.

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24th December 2015

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...

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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.

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11th December 2015

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...

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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.