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Skipton relaunch for equity-property bond

Skipton Building Society is relaunching its guaranteed triple asset bond issue 2 that gives a return which is linked both to UK equity and residential property indices.

The investment is in two linked bonds, with a third of the investment going into a one-year fixed-rate bond returning 8 per cent gross until July 9, 2005 when the bond matures.

The other two-thirds goes into a five-year index linked bond which offers 75 per cent of the average positive growth of the FTSE 100 and the Halifax house price index over the five-year term. If there is no growth over the term, the capital is repaid in full.

Minimum investment is £3,000 and maximum £1m. The product is distributed through Skipton branches and Skipton Financial Services.

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