The Anonymous Widower

I Missed This One

I was searching for innovative financial ideas and found this article by Anthony Hilton in the Standard. He says this about Castle Trust.

But the prize for creativity and innovation this week undoubtedly goes to Castle Trust, with a totally new approach to the housing market. On the one hand, it has created investment funds that will track the Halifax house price index. On the other, it will use these monies raised from investors to offer a new form of mortgage finance whereby it will fund 20% of the cost of a house in return for a share of the profits (or indeed or a portion of the losses) when the house is sold.

I’ve never heard of Castle Trust before, but it does show how people in the City are having ideas, that benefit both investors and borrowers.

Long may they think!

October 29, 2012 - Posted by AnonW | Business, Finance, News | Banks