You would like to make money from the property market but can't afford to buy a house. Or maybe you've thought about buy-to-let but can't face the hassle – or find the idea distasteful. Perhaps you are trying to save up a deposit for your first home, or thinking about ways to help your child or grandchild on to the property ladder.
If any of these scenarios sound like you, you may be interested in a new company that claims to have come up with the first scheme of its kind allowing people to invest in the housing market without the costs of buying a physical property, and where the returns are linked to house prices.
Castle Trust says its new investments, called HouSAs, will unlock the UK housing market for people with £1,000 or more to put away, and could provide substantially better returns than a savings account – and they qualify as a tax-free Isa. They go on sale on 1 October but – and it is a sizeable but – they are for people with an appetite for some risk, as you are making a big bet on the housing market. If you invest in the Growth HouSA and house prices fall over the period, you will lose money. So if you are not comfortable with potentially getting back less ......
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