Alan’s property of the month
Patchway, Bristol
The area to the North of Bristol has seen a great deal of investment in employment centres, the Cribbs Causeway Retail centre and new housing. Initially this was based around
Patchway, Bristol
The area to the North of Bristol has seen a great deal of investment in employment centres, the Cribbs Causeway Retail centre and new housing. Initially this was based around
We are delighted to have been officially announced as winning the Wealth & Finance award for Best Residential Property Fund Manager UK & Most Innovative Investment Fund!
Wealth & Finance International is
Alan’s property of the month
King George’s Park, Rowhedge Village, Colchester
An attractive new development forming part of a larger regeneration scheme, which has proved popular with the Fund’s new residents.
We’ve published the latest factsheets for the fund, and they can be downloaded from the link below.
Fund Performance Factsheet – October 2018
LSL Acadata records a national price rise of 0.4% in October, again with significant regional variations. Where affordability
Leasehold reform – what’s it all about ?
There has been significant press coverage relating to an ongoing leasehold reform. Alan Collett, residential property adviser to the TM home investor fund at Hearthstone Investments explains it all.
In response to Mark Carney’s worst-case scenario comments on house prices following Brexit, Andrew Smith, Chief Investment Officer of the TM home investor fund, responds:
FundCalibre, the fund ratings service, recently awarded its Elite rating to the TM home investor fund.
FundCalibre is an authorised representative of
Overall, we believe the Budget proposals offer a promising mix of measures to stimulate much needed new housing supply, and a package of infrastructure improvements, without creating obstacles to increased institutional investment in the sector.
Despite a confident dispatch box performance, the Chancellor may be regretting his decision to reschedule the Budget to fall in the autumn rather than the spring, starting from this year. It was meant to give him the opportunity to chart a course for a smooth Brexit transition, against a background of a broadly agreed deal. The latest OBR forecasts, on which the Budget proposals are based, assume a Brexit deal is achieved. There is a risk, with the format of Brexit still unresolved, that some of the plans set now may have to be torn up in the months ahead if negotiations founder. Furthermore, the turbulent political climate means the necessary post-Budget legislation could face a choppy passage through parliament.
All this increases the likelihood that next year’s Spring Statement may prove a more meaningful guide to post-Brexit policy than the current Budget itself. This has been tacitly acknowledged with the promise of a full strategic spending review in 2019.
That said, record high levels of employment have supported higher than forecast tax receipts, giving Mr Hammond some welcome ammunition to boost public spending. However, he faces conflicting priorities: squaring the government’s manifesto pledge to eliminate the deficit by the mid-2020s, with the Prime Minister’s recent promise of an end to austerity. Lacklustre GDP growth, forecast to average an annual 1.5% over the next five years, will not make either task easy.
For the time being though, the government has sought to signal a change of direction from the sustained squeeze on public finances, with a larger than expected package of spending commitments. Politics has trumped prudence. In the process, the Chancellor may have exuded enough optimism in his speech to fend off a revolt from the critics in his own party.
The Budget confirmed a widely trailed increase in funding for social care, a less anticipated additional £1 billion for defence, an additional £400 million for schools and an additional £1 billion to ease hardship during the transition to the new Universal Credit benefits system. There was a re-announcement of the £20.5 billion commitment to increase NHS funding over the next five years, already agreed in June, and promises of additional funding were made to the Welsh and Scottish governments, and to the Northern Ireland Assembly.
Infrastructure investment is to be stimulated through an additional £7 billion pledged for the National Productivity Investment Fund to boost strategic road improvements, £675 million was set aside for high street improvements, and development funding commitments were made for the Northern Powerhouse and East West (Oxford – Milton Keynes – Cambridge) rail projects. Another eye-catching measure was a business rate cut of one third over two years, targeted at small retailers. The government has also moved to end the Private Finance Initiative – a Blair-era Labour initiative to promote public-private partnerships for major public projects, aligning the government with a current Labour Party policy.
A planned new source of revenue is a 2% Digital Services Tax on large technology companies, but only after a period of consultation.
Personal finances will receive a modest boost through the implementation of the increased Personal Allowance and higher rate tax thresholds a year earlier than previously planned.
While the main Budget measures will be widely covered in the press, those with most direct relevance to the residential property market include the following:
Investing involves risk. Investors should be aware that the value of an investment and the income from it can fall as well as rise, and they may not receive back the full amount they invest. Past performance is not a reliable indicator of future results.
The Authorised Fund Manager is Thesis Unit Trust Management Limited, Exchange Building, St John’s Street, Chichester, West Sussex, PO19 1UP. Authorised and regulated by the Financial Conduct Authority.
Hearthstone Investments PLC is the parent company of the Hearthstone Investments Group. Regulated business is carried out by Hearthstone Asset Management Limited. Hearthstone Asset Management Limited is an appointed representative of Thesis Asset Management Limited which is authorised and regulated by the Financial Conduct Authority (114354).
This presentation describes the TM home investor fund, with the objective of allowing retail clients to gain an overview of the product’s recent history. It should not be considered advice or an invitation to invest.
As with all investing, your capital is at risk. The value of your portfolio with TM home investor fund can go down as well as up and you may get back less than you invest. LEARN MORE ABOUT RISK.
Hearthstone Investments Ltd is the parent company of the Hearthstone Investments Group. Regulated business is carried out by Hearthstone Asset Management Limited. Hearthstone Asset Management Limited is an appointed representative of Thesis Asset Management Limited which is authorised and regulated by the Financial Conduct Authority (114354). Hearthstone Investments Ltd (06379066) and Hearthstone Asset Management Limited (07458920) are both registered in England and Wales. The registered office for both companies is c/o Waterstone Company Secretaries Ltd Third Floor, Suite LG:03, Bridge House, 181 Queen Victoria Street, London, EC4V 4EG. Thesis Unit Trust Management Limited is the Authorised Corporate Director of the TM home investor fund. Authorised and regulated by the Financial Conduct Authority (186882).