Castle Trust will open for business on 1 October.
It will then offer HouSAs which are investments linked to national house prices, as well as Partnership Mortgages.
“There has been great interest in the business we are planning to launch and we’re incredibly excited to be able to tell customers and partners exactly when we’re opening our doors to investors and home owners,” said Sean Oldfield (pictured), CEO of Castle Trust.
“This really will be a momentous event in the residential property market because we will be offering investments and mortgages the like of which have simply not been available until now. Castle Trust will be a shot in the arm for the UK housing economy.”
A Castle Trust HouSA will allow investors to gain exposure to housing without the costs incurred in buying a physical property. HouSAs will also be eligible for inclusion in tax efficient investment vehicles, such as ISAs, Junior ISAs and SIPPs.
Unlike a traditional mortgage, the amount to repay a Partnership Mortgage depends on the change in the value of their home.
