Investments  

Reit takes aim at buy-to-let

An investment trust has been launched to gain exposure to the buy-to-let market without taking on property costs.

The UK residential real estate investment rust, managed by Mill Group Residential, holds a portfolio of properties and can be accessed by sophisticated retail investors using a crowdfunding platform.

David Toplas, chief executive of Mill Group Residential, said: “With house prices disappearing out of reach for would-be buyers in several parts of the country and mortgage rates expected to rise in 2015, rental demand and landlords’ incomes are going from strength to strength.”

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The minimum investment through crowdfunding platform SyndicateRoom is £1,000, and investors can hold REIT shares in Isas and self-invested personal pensions.