1. Your Returns
BondMason clients have achieved an average gross return in excess of 8.0% from April 2015. This is after defaults and losses but before tax and excludes fees. Your capital is at risk, and past performance may not be a reliable indicator of future results. The amount of income tax payable is dependent on your individual circumstances and may be subject to change in the future. Our fees range from 1.0% to 1.5% p.a.
2. You are purchasing Receivables, you are not a lender
Through BondMason, you can purchase you own portfolio of Receivables based on repayments paid under peer-to-peer loans, but you are not a lender to any end borrowers. You enter into a Receivables Agreement with the lender, whereby the lender commits to paying you the money actually repaid by the borrower to the lender.
3. Liquidity is not guaranteed
We offer the ability to sell the Receivables that you buy on the BondMason platform. We aim to provide liquidity within 48 hours should you wish to exit your holdings, so long as there are other Buyers to sell your Receivables to. This is not guaranteed, and it may take longer. There is a chance that you may not be able to access your money when you want it. We may charge you a fee for using that feature, and you may not receive the price you want. This not a guarantee. Target returns assume an investment period of at least 12 months.
Your Capital is at Risk and not covered by FSCS or FCA
Any investment involves taking risk and buying Receivables through the BondMason platform is a form of unregulated investment whereby your capital is at risk. We seek to minimise the risk to BondMason clients by carefully reviewing the underlying loans, invoices or other receivables selected by the sellers to generate the Receivables you are buying, and reviewing the performance of each P2P Platform on which the seller agreed those underlying instruments, prior to making available a Receivable available. You have no interest in those underlying instruments, however, and no right of recourse to the parties to those instruments in the event of default under those instruments. You are only buying the right to receive any cash that the seller actually receives under those instruments. BondMason does not need to be, and is not authorised or regulated by the FCA for this activity. Your purchase of Receivables is not covered by the Financial Services Compensation Scheme.
You are in day-to-day control of your money
BondMason enables you to self-select and control a portfolio of 50+ Receivables in just a few clicks; this includes Receivables relating to peer-to-peer loans (some of which may benefit from security against property or other assets) and receivables.
Your funds are held in a segregated Client Account
BondMason holds your money in trust on your behalf in a segregated bank account so that it does not form part of our assets and would not be available to our creditors in the event of our insolvency. We administer Receivables in such a way that ensures that the fees payable in relation to them will be sufficient to cover the costs of administering them during any winding down process if we were to cease trading for any reason. You do not have recourse to the Financial Services Compensation Scheme. Please contact us if you have any questions. We cannot provide financial advice. Please talk to your financial adviser if you are looking for financial advice.
You may also like to read our terms and conditions.