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Thread: o/t Free ipad offer

  1. #1
    Join Date
    Aug 2008
    Posts
    15,162

    o/t Free ipad offer

    Has to be via moneysupermarket site.

    Invest £3000 for 18 months with Wellesley peer to peer lender and get 4 per cent interest plus free mini ipad worth £239 upfront.

    I am invested with Wellesley and got my free Kindle without any problems.

    Just thought I would draw your attention to this but remember your money does not have the Financial Services protection although Wellesley are regulated.

    Its the best offer I have ever seen as its basically a tax free £239 paid upfront on a £3000 loan with end of term interest of 4 per cent to come.

    If Wellesley go bust within 18 months then we could have problems but unlikely!

  2. #2
    Join Date
    Sep 2009
    Posts
    1,410

    re: o/t Free ipad offer

    Not forgetting of course, that the majority of peers live in Greece.

  3. #3
    Join Date
    May 2008
    Posts
    22,872

    re: o/t Free ipad offer

    Quote Originally Posted by kempo
    Has to be via moneysupermarket site.

    Invest £3000 for 18 months with Wellesley peer to peer lender and get 4 per cent interest plus free mini ipad worth £239 upfront.

    I am invested with Wellesley and got my free Kindle without any problems.

    Just thought I would draw your attention to this but remember your money does not have the Financial Services protection although Wellesley are regulated.

    Its the best offer I have ever seen as its basically a tax free £239 paid upfront on a £3000 loan with end of term interest of 4 per cent to come.

    If Wellesley go bust within 18 months then we could have problems but unlikely!







    Looked at them before.
    If they go bust they have a provision pot independently held with twice the needed amount to pay back investors/savers

  4. #4
    Join Date
    Aug 2008
    Posts
    15,162

    re: o/t Free ipad offer

    The loans are secured against property assets also.

    Your money is matched with a large number of loans which gives added protection...for instance my £4000 invested was split between 500 borrowers!

    Wellesley also invest their personal money so I like the business platform very much and the risk although not fully protected seems low.

  5. #5
    Join Date
    Mar 2008
    Posts
    12,833

    re: o/t Free ipad offer

    One thing you need to watch out for, if you take your money out before the 18 months are up they reserve the right to take the cost of the iPad out of your account (£239) so you need to be sure you won't need the money.

  6. #6
    Join Date
    Aug 2008
    Posts
    15,162

    re: o/t Free ipad offer

    Quote Originally Posted by great_fire
    One thing you need to watch out for, if you take your money out before the 18 months are up they reserve the right to take the cost of the iPad out of your account (£239) so you need to be sure you won't need the money.
    Thats true greatfire but anyone who didnt expect that then maybe they should not be investing at all and keep their money under the bed.

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