NEWS

The Public Restore UK Heritage Sites With The Oaksmoreisa

The Public Restore UK Heritage Sites With The Oaksmoreisa
  • Oaksmore’s Innovative Finance ISA allows consumers to invest in the restoration of British historic sites and landmarks
  • The team behind Oaksmore ISA have launched more than 200 property funds since 1988
  • Oaksmore ISA offers competitive returns of up to 7.5% over a 5-year term

 BRITS looking to invest their cash are taking advantage of an Innovative Finance (IF) ISA, which allows investors to capitalise on British heritage projects.

The Oaksmore ISA is offered through Oaksmore Portfolios AIFM Limited, (an innovative, on-shore FCA-regulated Alternative Investment Fund Manager).

Funds pledged to the ISA are invested into heritage restoration projects around the UK.

These projects will see the restoration and development of Britain’s iconic sites which have fallen into disrepair, breathing new life into the buildings before putting them on the market to provide housing solutions while boosting profitability of the site.

Those investing into the Oaksmore ISA not only have the satisfaction of directly giving back to the community via heritage restoration, but also benefit from much higher interest rates than those offered through regular low-risk savings accounts and traditional cash ISAs.

The Oaksmore ISA offers investors healthy returns of up to 7.5% per annum over a 5-year term, whilst returns over a 24-month term stand at 5% per annum. Consumers can transfer funds from an existing ISA if funds are tied up elsewhere.

With a minimum investment of £1,000, this Innovative Finance ISA is suitable for everyday investors aged 18 and over, regardless of their existing investment portfolio. It offers investment in bonds, of which the capital received is not subject to tax.

As with traditional Cash ISAs and other Innovative ISA products on the market, the maximum sum that can be invested is £20,000 per tax year.

Whilst consumers can only invest in one Innovative Finance ISA in any one tax year, investments may be split across different ISA types: for example, Cash ISAs, Stocks and Shares ISAs and IF ISAs.

The first project to be completed by the IF ISA is Picton Barns, a luxury barn conversion situated in the desirable hamlet of Picton Gorse, located to the North-East of Chester.

The charming, semi-rural setting of Picton Barns – famous for its picturesque architecture and historic roots – has undergone a full renovation and is now attracting attention from those keen to reside on the outskirts of Chester.

Reuben Skelton, a spokesperson for the Oaksmore ISA, comments: “The process is simple – ISAs are used to acquire property-backed bonds. Invested money is then held in a secure account until it is allocated to the latest project so that restoration work can commence.

“The team at Oaksmore ISA is so pleased with the support that we’ve received from the British public. It’s encouraging to see just how many value Britain’s heritage sites as much as we do and think they’re something worth saving.

“We’ve made excellent progress this year. The Picton Barns project has been a real highlight and with the property now up for sale and offers coming in, it’s clear that the potential new residents think we’ve done a great job, too.

“We can’t wait to get started on the next project.”

Oaksmore is a Brexit-proof IF ISA in that its returns are fixed and will not be affected by financial services equivalence or drop in Sterling. Investors are reminded that as with all investing, capital is at risk.

To make a pledge, or find out more about the Oaksmore ISA visit:

https://oaksmore-isa.co.uk

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