Property bond from Newcastle

Newcastle has launched a five-year term Guaranteed Property Bond with returns linked to any growth in the Halifax house price index. The bond’s return is based on 110% of any growth in the Halifax index and has a full capital guarantee, which means that provided it is maintained for its full term, the capital invested will be returned in full, even if the index falls. The bond has a minimum investment of £1,000 and maximum of £1m.