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Meteor launches property plan

Meteor Asset Management has launched its second property plan that will link to the performance of the FTSE EPRA Europe index.

The product has a six-year term and will offer a 10.5 per cent return if the index finishes up after a year.

Should the index fail to reach its target return the investment will roll up, meaning a 21 per cent return at the end of year two and will continue up to 63 per cent at maturity.

Initial investment will be returned provided the market does not fall 50 per cent below its opening level at maturity.

Meteor Asset Management managing director Graham Devile says: “
“Our first commercial property plan launched in June and has been extremely popular. While the equity markets are still very volatile the indications are that the property market is beginning to show some stability.

We are delighted that against this background that we have been able to maintain the level of returns. We believe this is an excellent way to participate in the property market and take advantage of the current ‘weakness’ with a view to making potential gain over a relatively short period of time, whether or not an investor already has direct or indirect property investments.”


Careful what you wish for

With its excessive highs and severe lows, the mortgage market truly is the financial services equivalent of extreme sports. The latest Bank of England figures show that the number of people arranging a mortgage to buy a home has fallen to its lowest level since official records began but you do not have to look back far to sample significant highs and lows.

C&G is treating customers unfairly

I have placed mortgages with Cheltenham & Gloucester over many years whenever its products have been suitable and competitive. Service standards at branch level were always very good in my experience.

Quantum of solace for bonds

This year is shaping up to be ghastly for stockmarkets. Yet with all falls, opportunities do arise and this is the case with corporate bonds. Indeed, Stephen Snowden of Old Mutual is so confident that he has put a considerable amount of his own money into his fund.


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