Connells celebrates Hearthstone partnership

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Award-winning estate agency Connells in Milton Keynes has partnered with Hearthstone Investments, a new residential property fund manager, which will enable those wishing to invest in buy-to-let to do so through a managed fund rather than buying a home and letting it out themselves.

Subject to FSA approval, Hearthstone’s initial fund will be the UK’s first PAIF (Property Authorised Investment Fund) to specialise in residential property. It will offer investment opportunities in bricks and mortar without the restrictions of direct residential property ownership. Individuals can invest their pensions and ISAs in the fund in order to benefit from rental income and the long term growth in the UK’s housing market. As part of the partnership, Connells will be advising on all property purchases made by the fund through its specialist Investor Sales Division.

Stuart Flavell, Chief Executive for Connells, said: “The UK’s love affair with property ownership is as strong as ever but until now there hasn’t been a way of investing in residential property other than direct property ownership,

“Connells’ investment in Hearthstone marks an innovative new approach to property investment. Property is a lucrative asset class and we believe many people will be interested in investing in this new fund when it launches.”

As part of the partnership, Connells estate agency will play a leading role in advising Hearthstone where it should be investing the fund to get the best yield. Hearthstone will be acquiring up to 10,000 properties across the UK, from new homes developments to second-hand across a range of property types.

Stuart added: “This is a very exciting opportunity for local investors to take advantage of the UK’s first ever property fund dedicated to residential property,

“We are urging anyone who is interested in the new fund to visit the Hearthstone Investments website at www.hsinvestments.co.uk/contact_us where they can find further information, contact details and details on when the first fund will be launching.”