Abbey Residential Property Plan launched

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Abbey Residential Property Plan launched

Abbey has launched a new investment plan which allows customers to invest in the property market, without the risks that come when purchasing a property as an investment.

The Abbey Residential Property Plan tracks the Halifax House Price Index (HHPI) and can be directly invested in or via mini/maxi stocks and shares ISA or PEP/ISA transfer.

It also provides 200 per cent of any growth in the index at maturity, but this is subject to averaging.

The plan is being launched in conjunction with Knight Frank, and Robert Hannington, chairman of Knight Frank corporate finance limited, said: "Many investors are looking to include residential property in their portfolios and we feel that with a product designed to protect their capital, they will be able to do so for a relatively low initial investment."

And with the minimum investment standing at £3,000, many customers are likely to take advantage of the Abbey Residential Property Plan, which runs until November 4th, or until it is sold out.

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