Throughout the life of the co-ownership bond the investor gets a set annual income by way of interest on the sum invested rising from an initial
- 4.5% pa rising on each 5 year anniversary to
- 6.5% pa at the end of the bond
- Providing an average of 5.5%
There is a terminal bonus paid on redemption linked to the Halifax Property Index which at the average of historic UK property growth may add the equivalent of an additional 3% pa. Effectively an average of 8.5%.
The intention is to only invest
in houses and flats in the UK but
excluding Scotland, Northern
Ireland and Greater London.
Over the last 31 years, the Halifax House Price Index has shown the following growth pattern for this subset of the UK Market.