The Wellesley Mini-Bond is used by Wellesley Finance Plc, the finance company that makes loans before they are matched against lenders using the Wellesley & Co platform.
While the Bond offers interest rates of between six and seven per cent gross, Wellesley is now offering a cashback promotion.
This includes 1 per cent maximum cashback offer on its three year Mini-Bonds and 1.5 per cent maximum cashback on five year Mini-Bonds, which will be available until the 22nd May.
“This investment suits an experienced investor due to the nature of Mini-Bonds they are not transferable and cannot be traded,” explained Aldwyn Boscawen of Wellesley Finance.
“The mini-bond gives investors the chance to be a part of our ongoing success, by investing in the company’s expansion and contributing to its secured lending activities.”
Wellesley Finance Plc Mini-Bonds cannot be held within an ISA account and the minimum investment is £100, where multiples of £10 can be invested from then on.
There are risks involved with this type of investment. In the event that the Company becomes insolvent, you may lose some or all of your investment.
The bond is available to UK-based individuals, companies, charities and trusts.
More information on the promotion can be found here.
Wellesley Finance Plc has funded over £200 million worth of secured loans to date.
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