Property fund launches to help first-time buyers

The Investors in Housing fund, from specialist property investment firm Mill Group, will work on a co-investment model. Under this model, the buyer acquires a share of between 25-50% of the property with the fund buying the rest. Buyers can use the deposit cash to provide the loan to value required by lenders. They will pay a monthly indexed investment fee, based on market rent, on the part of the property they do not own. They can then increase the percentage of the property owned at any time.  The fund aims to provide investors with a running yield of 6% per year as part of a pro...