Alternative ways to invest in Property
With 24% of British adults revealing they have no savings, it is no surprise that many UK citizens feel like their money vanishes every month and very few are in a stable enough position to purchase a property. However, is there a way to achieve a firmer grip on your finances and invest in property?
Monitoring your spending habits undoubtedly helps with money management. 19% of those aged 50 and over never check their bank account, and further 18% revealed they cast an eye over their finances just once a month. However, a change in the way you monitor your spending habits could help to achieve goals which previously seems unobtainable.
There are a number of areas which can help to reduce the amount of lost money every month. Some of the biggest money drainers include:
- Direct debits
- Groceries and eating out
- Utility bills and insurance
- Phone tariffs
Checking your finances regularly will be something you need to schedule in to ensure you’re keeping on top of things. This is a great step to taking control of your finances and you can now look at growing your savings.
How to make money with your savings
There is a new breed of finance company and they are utilising online platforms to offer great flexibility to investors, whilst simultaneously offering the opportunity to make their money go further.
Companies such as Wellesley are paving the way. In the current housing climate, the need for new homes surpasses the rate at which they are being built. Wellesley allows investors to support residential building via the Wellesley Property Mini-Bond.
The Property Mini-Bond offers the stability of a fixed return of up to 6.00% per annum gross, and the flexibility to receive your interest monthly to achieve a regular income or to roll it up and receive it at maturity. The funds you subscribe are invested alongside Wellesley’s own funds and backed against UK residential property. Ensuring that all funds are spread across all eligible loans for maximum diversification.
It is important to note, that as with most investments investor’s capital is at risk and interest payments are not guaranteed. Property investments may not always go to plan and may suffer from delays or reduction in the value of the assets. Investment through Wellesley is not covered by the Financial Services Compensation Scheme (FSCS).
Benefits of the Wellesley Property Mini-Bond:
- An exclusive £250 cashback is available for Silversurfers members. Click here to read more about the offer.
- Stability – fixed rate of interest of up to 6.00% per annum gross which will remain consistent for the full lending term.
- Interest rate flexibility – choose to receive interest monthly or at maturity.
- Secured against UK property.
- Wellesley invest their own money alongside yours.
- Terms available for one to five years.
The Wellesley Property Mini-Bonds are issued by Wellesley Finance Plc. Your capital is at risk and interest payments are not guaranteed. Investment is not covered by the Financial Service Compensation Scheme (FSCS). The Property Mini-Bond is non-transferable and cannot be held within an ISA account. To view the full risk statement click here.
The contents of this article are for reference purposes only and do not constitute financial or legal advice. Independent financial or legal advice should be sought in relation to any specific matter. Articles are published by us without any knowledge or notice of the circumstances in which you or anyone else may use or rely on articles or any copy of the information, guidance or documents obtained from articles. We operate and publish articles without undertaking or accepting any duty of care or responsibility for articles or their contents, services or facilities. You undertake to rely on them entirely at your own risk, and without recourse to us. No assurance of the quality of articles is given or undertaken (whether as to the accuracy, completeness, fitness for any purpose, conformance to any description or sample, or otherwise), or as to the timeliness of the publication.
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