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Wellesley Finance makes loans solely to businesses (these business loans include but are not limited to business development finance, business buy-to-let, and first/second charge loans for business purposes). As a result, these loans do not have the benefit of the protection and remedies that would be available to you as a consumer in the context of a non-business loan. Wellesley Finance is not permitted to undertake retail loans to consumers. If you are a retail consumer seeking a non-business loan, you should not seek to obtain a loan from us. Business loans will be secured on relevant assets and these assets are at risk in the event of the loan being in default. A property asset may be repossessed if repayments are not kept up on a loan or other asset secured on it. If you need advice on any of these matters, or you are in any doubt as to the consequences of taking out a loan with Wellesley Finance (including not being regulated), you should seek independent advice from an appropriately qualified professional. Wellesley Finance recommends that you consider whether a potential business loan meets your own creditworthiness, risk levels and objectives. You should be seeking to borrow funds only if you believe that your business activities are capable of repaying those funds and that you have considered the required repayments in relation to your other financial commitments.

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Continuing to support our borrowers

Graham Wellesley - Chief Executive Wellesley Finance Plc

July 11, 2016

brexitIn the wake of the UK’s recent ‘Brexit’ decision to leave the European Union, we felt it appropriate to issue a statement setting out our view of the climate for property development finance over the coming months, and how we intend to respond to the market conditions we are foreseeing.

There can be little doubt that conditions, at least in the short term, will be challenging. As you will be aware, share prices in the major UK property developers have retreated, property fund values have fallen (with a number closing to redemptions) and a number of lenders withdrawing from the market altogether.

Against that background, we felt it important to reassure both developers and intermediaries that we are very much ‘open for business’ and continuing to lend in relation to development and bridging projects that meet our criteria.


Our target market remains mid-market, mid-specification residential development, a sector we’re confident will experience continuing strong demand albeit at reduced value expectations. We regard it as prudent to anticipate a decline in property values of circa 10% in central London and circa 5% in the regions. Naturally, we will be adjusting our credit standards slightly to reflect this outlook.

Within borrowers’ financing proposals, we intend to apply particular focus to exit strategies – particularly the availability of residential and buy-to-let mortgages in 12 to 18 months’ time – as our funded developments release their units to the market.

In summary, whilst we are understandably cautious, we’re confident that, by pricing for risk, we will continue to support both direct borrowers and intermediaries by taking advantage of opportunities as they become available.

We look forward to working with you.


Graham Wellesley
Chief Executive
Wellesley Finance Plc