Castle Trust believes that property market growth is boosting demand for investment in the UK residential property market
The housing investment and equity loans provider has reported 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 ten years.
Since launch on October 1st 2012 the Growth Housas have delivered growth of between 9.0% and 12.2% and the Income Housas, which provides an annual income of between 2% and 3%, has returned growth of 7.2%.
In response to research and feedback from investors and advisers Castle Trust says it 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 (pictured), chief executive officer of Castle Trust, said: “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 6% 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.”