Blue Gate unveils Secured Income 2

The open-ended vehicle provides investors with an opportunity to invest in a high-yielding income fund secured against property assets and designed to take advantage of current market conditions within the banking sector. Income is paid quarterly in arrears at fixed rates of 6% in year one, 7% in year two and 8% from year three onwards. Investors will be able to redeem after an initial five months with one months notice and it is available as SIPP or SSAS. Tamlyn Stone, a director of Manchester-based Blue Gate Capital says: "The fund has been designed to meet the income needs of in...