Castle Trust, the investment and mortage business designed to help unlock the housing market, has been notified the FSA is set to authorise the business.
The company, which is backed by US private equity firm J.C.Flowers, will now work with commercial and administration partners to finalise a suitable launch date for its products. Castle Trust will offer SIPP and ISAable investment products as well as partnership mortgages in a bid to help its customers unlock the £4trn UK housing market. Its growth and income HouSA products are fixed term investments which will offer returns above the Halifax House Price Index, whether house prices rise or fall. The minimum investment in the products will be £1,000 and they will qualify for inclusi...
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