Castle Trust eases access to Housas as growth hits 12.2 per cent
Growth in the housing market with price rises at a three-year high is boosting demand for investment in the UK residential property market, says Castle Trust, the housing investment and equity loans provider.
Castle Trust reports strong demand from clients and advisers for its two UK residential property investment products, the Growth and Income Housas, which are eligible for SIPPs, ISAs and Junior ISAs. They provide returns linked to and in excess of the Halifax House Price Index and can be taken out for terms of three, five or 10 years.
Since launch on 1 October 2012 the Growth Housas have delivered growth of between 9.0 per cent and 12.2 per cent and the Income Housas, which provides an annual income of between two per cent and three per cent, has returned growth of 7.2 per cent.
In response to research and feedback from investors and advisers Castle Trust is making it easier for Housa investors to access their money before their investments mature. Castle Trust now quotes repurchase prices daily for all their Housas without applying any redemption penalty.
Sean Oldfield, chief executive officer, Castle Trust, says: “The UK housing market is clearly in recovery underpinned by growing economic confidence and rising demand partially driven by Government schemes including Help to Buy and the Funding for Lending scheme.”
“Residential property is one of the most stable asset classes and has historically delivered annual returns of about six per cent a year - which is comparable to equities, but with much less volatility. We offer investors an accessible way to invest in housing without the hassle and cost of buy-to-let, with no management fees and guaranteed returns in excess of the Halifax House Price Index.”
Minimum investment is from just GBP1,000 and investments of up to GBP50,000 are protected by the Financial Services Compensation Scheme.