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Property plan tracks price index

Abbey and Knight Frank are offering a 10-year residential property plan giving investors up to 200 per cent of growth in the UK housing market over the period.

The Dublin-listed product tracks the Halifax house price index and offers a capital guarantee. It is eligible for Sipp inclusion and aims to give investors exposure to the UK residential property market without the risks of buy to let.

The A-Day proposals for pension reform have led to an increase in investor interest in placing residential property in pension plans but will not take effect until April 2006.

The product is eligible for Isa inclusion and has a 3,000 minimum investment. It will offer 3.5 per cent commission with no initial or annual charge. The offer period closes on November 4.

Knight Frank corporate finance chairman Robert Hannington says: “After the hiatus in the equities’ market over the last few years, the UK investment environment has chan-ged. The plan offers a way for grandparents to get their grandchildren onto the property ladder and plan for inheritance tax.”

Bates Investment Services head of investment James Dalby says: “With a low minimum investment, this offers good opportunities for Sipp exposure to residential property without the risk of BTL.”


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