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TM home investor fund is authorised and regulated by the Financial Conduct Authority
Start small - invest from as little as £100
Covered by the Financial Services Compensation Scheme
We know you want to start saving for your first home. You want your money to be looked after, but also to work hard. But with today’s low interest rates, cash ISAs and savings accounts could lag behind house price inflation, meaning it could take longer to save enough for a deposit on your first home.
That’s where the TM home investor fund comes in. It's a residential property fund, so your money has the potential to grow at a similar rate to the UK housing market. Put simply, you’ll be part of the property market whilst you save which means you may be ready to buy your first home sooner.
Note that TM home investor fund should be considered as a medium to long-term investment of at least five years.
You can make use of your ISA allowance to invest in the fund. And unlike buy-to-let, a tax-free investment means potentially higher returns.
Whilst saving for your first home, you can invest in a fund which can keep up with the housing market — so you get the best of both worlds.
TM home investor fund is authorised and regulated by the Financial Conduct Authority, and it's covered by the Financial Services Compensation Scheme.
Questions? We’ve brought together some answers to the most frequently asked questions here.
Hearthstone Asset Management Limited, a subsidiary of Hearthstone Investments plc (‘Hearthstone’) is the Property Investment Adviser to the fund. Hearthstone is a residential property investment specialist, which was founded in 2009 as the UK’s first fund manager to focus solely on residential property. Supported by a highly experienced team, it has successfully brought a range of investment funds to market for both individual and corporate investors. Through close relationships with estate agents and housebuilders and careful property selection and management, Hearthstone aims to offer attractive, stable investment performance while providing excellent accommodation and landlord services to the growing number of households looking to rent.
The ‘TM’ in the fund’s name signifies that Thesis Unit Trust Management Limited (TUTMAN) is the fund’s Authorised Corporate Director and has overall responsibility for ensuring the fund is operated in accordance with the Financial Conduct Authority’s regulations.
National Westminster Bank Plc (NatWest) is the fund’s Depositary and is responsible for overseeing TUTMAN’s operation of the fund. NatWest is also responsible for the safeguarding of the assets of the fund and protecting the interests of incoming, outgoing and continuing investors.
Just like any other product or service, TM home investor fund is subject to charges and expenses which have the effect of reducing the potential returns of your investment. These include the costs of running the fund, as well as marketing and distribution costs.
The share class you can invest into through the online portal provided by WealthKernel has estimated ongoing charges (OCF) of 1.81% per year. This includes the Annual Management Charge of 1.1% plus other estimated variable expenses incurred in operating the fund. The variable expenses depend on things like the number of investors in the fund, property valuation fees and legal costs.
Of the 1.1% Annual Management Charge, 0.2% is paid to WealthKernel as a product fee to manage the service they provide, which includes the administration of your investment on their portal as well as the ongoing reporting to you.
There are no initial charges made on your investment through the online portal, so all of your money is used to buy shares in TM home investor fund. However, the costs of buying or selling properties (such as Stamp Duty Land Tax, disbursements, estate agent and legal fees) are factored into the share price. More information can be found in the fund’s prospectus.
Different share classes are available on third-party investment platforms and through financial advisers. Not all share classes are available directly to retail investors. Other share classes may have higher or lower charges than that available through the WealthKernel portal, but the third-party platform or financial adviser will usually make a charge for the service and, if applicable, the financial advice provided. A full list of share classes can be found in the fund’s prospectus which you can contact us to obtain.
You may also contact us for an application form should you not wish to use any of the above methods to invest in the fund.
There’s no lock-in period or minimum investment time. However, this should be considered as a medium to long-term investment of at least five years.
TM home investor fund offers an affordable way to invest in UK private rented property, a popular and long-established asset class in the UK. The fund aims to grow your investment over the medium- to long-term, using the professional buying power and property management expertise of Hearthstone’s team of residential investment specialists to maximise returns. Rental income, after property management costs and fund charges, is also reinvested into the fund.
It also offers real investment diversification in a portfolio of equities, bonds or commercial property because residential property acts differently to these other mainstream asset classes as market conditions change.
People invest in the fund for lots of different reasons including to help manage the risk of an existing portfolio of equities, bonds and commercial property; as a way of helping their money keep pace with property prices when saving for a house or to keep a foot on the property ladder whilst living abroad; or to create a nest-egg for retirement.
Now it’s simple to invest in residential property online in a tax-efficient ISA. Start today and make those savings goals a reality.