View more on these topics

Property bond launched

Newcastle has developed a three-year building society account in which return is linked to the performance of the Halifax house price index.

This short-term property bond offers a return based on 75% of any rises in the Halifax house price index over the next three years and has a full capital guarantee.

Research from the society&#39s branches showed a demand for shorter term products. Capital is guaranteed if the price index should fall as investors will still receive the their original investment back plus any early-bird interest.

There is a minimum investment of £500 in the bond up to a maximum of £1m.

Robert Hollinshead, chief executive at Newcastle, says: “Property investment can be a long-term and rather labour-intensive form of investment.

“And whilst there has been strong growth in recent years, not everybody wants to invest directly in a property.

“This guaranteed property bond offers an alternative by providing a straightforward building society account in which the returns are linked to any growth in the Halifax house price index and whereby the capital investment will be safe whatever happens to house prices.”


Abbey aims for flexibility

Abbey for Intermediaries has extended completion deadlines from three months to six months on all new variable rate tracker business as part of a drive to offer more flexibility to clients and to smooth the process for intermediaries. The deadlines came into effect for applications made by intermediaries from March 15 this year. Intermediaries are […]

Gooding must trade or lose board status

Ami chairman Charles Gooding will not be eligible to stand for re-election to the board if he doesn&#39t get his proposed network up and running in time. AMI last week announced that the existing board had drawn up the constituencies and timetable for the elections which will take place over the next 12 weeks. Chris […]

UK trade figures confirm imbalanced economy, says Lib Dems

The Liberal Democrats say recently published trade figures show the UK economy is heading for another record deficit. Malcolm Bruce MP, Liberal Democrat trade and industry spokesperson, says: “While house prices and consumer spending are booming, manufacturers and exporters are still facing a tough time. The government cannot simply rely on the Bank of England […]

Good outlook whatever the economic climate

Caroline Havers, partner, client Relations, Salans solicitors Will the popularity of remortgaging continue if market conditions change? I think so, whether the economic climate remains stable or worsens. If the climate remains benign, with interest rates and unemployment rates low, consumers will want to continue accessing the £2 trillion worth of equity that exists within […]


News and expert analysis straight to your inbox

Sign up