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Post by betterthanworking on Apr 30, 2015 9:54:00 GMT
I got an email about this from Wellesley, but it doesn't seem to be publicised on their website, so it's perhaps only for existing investors. 1% CB on 3yr @ 6%, and 1.5 % CB on 5yr @ 7%.
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Post by wildlife2 on Apr 30, 2015 10:35:24 GMT
I also got that e-mail, but I was hoping for the 18 month offer which OG received last month!
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Post by batchoy on Apr 30, 2015 10:47:36 GMT
Remember these are mini-bonds in Wellesley, they are not Wellesley's normal asset and provision fund backed P2P products
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razra
New Member
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Post by razra on Apr 30, 2015 11:06:05 GMT
Also got the email which surprised me as I signed up to Wellesley, tested the waters and then withdrew the cash after a month. Never put anything back in!
Am i right in thinking this type of bond is for them to raise the cash for their business?
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Post by betterthanworking on Apr 30, 2015 11:51:58 GMT
Correct razra. So not really P2P at all. However, I believe the cash-back is tax-free, being an 'inducement to invest' rather than part of the return.
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Post by wildlife2 on Apr 30, 2015 12:02:27 GMT
The cashback offer applies to new and existing customers.
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razra
New Member
Posts: 4
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Post by razra on Apr 30, 2015 12:03:25 GMT
Thankyou for your response  Glad to know I'm starting to spot the differences. Thankyou for your explanation on the cashback. What a shame they cant explain it so simply |
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Glad to know I'm starting to spot the differences. Thankyou for your explanation on the cashback. What a shame they cant explain it so simply