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TM home investor fund is authorised and regulated by the Financial Conduct Authority
Covered by the Financial Services Compensation Scheme
Start small - invest from as little as £100
We know you want to do everything you can to help your children get on the property ladder. So when it comes to investments, you want your money to be looked after at the same time as working hard. But in today’s low interest rate environment, saving can be frustrating. That’s where the TM home investor fund is different - it aims to capture UK house price growth and rental income.
Hearthstone's expert property team has been working hard on the fund since 2012. Over the medium to long-term, returns on cash savings often don't keep up with rising house prices. That's why we believe the TM home investor fund can help you achieve long-term financial goals like helping a child onto the property ladder.
You can invest anything from £100 into the fund through the online portal. You can make monthly deposits, and there's no fixed term that you have to leave your money invested.
Now you can become a property investor without even buying a house. So no leaky taps and tricky tenants for you.
You can make use of your ISA allowance to invest in the fund. Unlike buy-to-let, a tax-free investment means potentially higher returns.
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.
You can invest from as little as £100 through the online portal provided by Hearthstone’s trusted partner, WealthKernel. There’s no upper limit using this service unless you’re investing through an ISA.
If not investing through the WealthKernel portal, minimums for retail share classes are usually £50 per month or £1,000 lump sum. Some online investment platforms may allow you to invest smaller amounts.
Maximum limits apply to investment through ISAs and through pensions (including Self Invested Personal Pensions, or ‘SIPPs’).
Please note that the online portal provided by WealthKernel currently only offers investment into TM home investor fund directly, or through a new Stocks & Shares ISA.
The personal limit for ISAs this tax year (2018/19) is £20,000. This can be split between a Stocks & Shares ISA, a Cash ISA*, a Lifetime ISA (maximum £4,000) and an Innovative Finance ISA*. You can open one of each type of ISA each tax year.
Other product providers and online platforms offer the fund via personal pensions, SIPPs and ISAs, and you can also speak to your financial adviser.
The above should not be considered financial or tax planning advice, or advice to invest in any particular investment vehicle or fund.
Taxation information is based on Hearthstone’s understanding of legislation in force as at July 2018. Legislation may change, and tax and trust law may be open to differing interpretation. The impact of taxation will depend on individual circumstances. Potential investors should seek advice from their financial adviser or tax specialist before investing.
The prospectus contains more information on taxation within TM home investor fund and taxation in the hands of the investor. Please contact us if you would like a copy.
Now it’s simple to invest in residential property online in a tax-efficient ISA. Start today and make those savings goals a reality.