BondMason Core Investment Service

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Financial Adviser Introductions

Since the announcement of the cessation of BondMason Core Service, several clients have requested advice relating to how to invest the funds they are receiving back from us. We are unable to provide financial advice; however, we have identified a small number of IFAs, which we feel have a similar culture and ethos to BondMason.

We would be pleased to put you in touch with one of these IFAs, should it be of interest.

To request an introduction to an IFA, please email us at invest@bondmason.com and ask for an IFA introduction.

Defaqto 5 Star Ratings applies to BondMason Core product only. Defaqto is a financial information business.

Important Announcement from Stephen Findlay, CEO

“The BondMason Core service is now in wind-down and we are no longer taking any further investments.

We now find ourselves in a position whereby we predict that over the next few years it will be increasingly difficult for us to continue to enable clients to achieve an attractive risk-adjusted return from our property-backed lending model.

Therefore, we have made the decision to put our BondMason Core service into wind-down. We believe that this is in the best interest of our clients, reflecting our continued commitment of putting our clients at the forefront of everything we do.”

May 2019

We are proud of our track record

Our clients have benefitted from attractive risk-adjusted returns sourced from direct lending, including peer-to-peer lending and property-backed lending.

We are proud of our clients' returns*:

clients have achieved an average net return of 6% p.a.;
£55M+ invested over 4 years;
£20M+ of client funds
£2M+ of net interest paid (after defaults and losses).
no client has experienced a net loss, with total write-offs currently standing at less than 0.5%.

*Performance statistics based on the current valuation of the underlying portfolio, which is performing in line with expectations and past performance, and includes accrued interest due to clients. The final picture will be known in 12-18 months once all the underlying positions have repaid.

Why we have taken the decision to wind-down BondMason Core

Over the last 5 years we have seen more and more institutional investors enter the property lending market, seeking to achieve attractive returns. This influx of new capital has led to a reduction in rates payable by borrowers (which is good for borrowers, but not great for lenders), and a reduction in the availability of attractive lending opportunities.

Looking ahead, we are concerned about economic uncertainty, and the impact on lender returns. We now find ourselves in a position whereby we predict that over the next few years it will be increasingly difficult for us to continue to enable clients to achieve an attractive risk-adjusted return from our property-backed BondMason Core lending model.

From our Company’s perspective, we are also experiencing an increase in operational costs, including from insurance, regulations and client acquisition, as the market responds to the failure of some operators in the space. As a business, we are reluctant to pass these costs on to our clients.

We would like to thank all of our clients who have entrusted us with their capital to date, and we wish you continued success with your investment activities,

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Important Information

What happens during the wind-down period?

Existing clients will automatically receive monthly repayments into their nominated bank account at the end of each month as the underlying loans repay capital and interest. We expect half of funds to be returned by the end of 2019 and the significant majority of funds to be repaid within 12-18 months.

You can view the status of your receivable’s investments via your dashboard as usual usual and we have also included an estimate for potential write-downs for each client on their dashboard. We continue to assess all of the underlying loans on a continuing basis, as well as making a general provision, and we will phase estimated write-downs over the wind-down period.

Please note that the website address for viewing your BondMason Core investment account at: www.bondmasoncore.com

You may find our FAQs page answers any questions you may have.

Any clients wishing to call us to discuss their account can continue to do so: invest@bondmason.com or 01582 802 000.

Please see our FAQ page

BondMason Core Investment Service

What happens during the wind-down period?

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