UK Mortgages Limited is a £262m investment fund. It was only recently launched in July 2015

It invests in a portfolio of good quality UK residential mortgages.

[http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?username=&ac=&csi=41993839&record_search=1&search_phrase=UK mortgages]

Managed by Twenty Four Asset Management
[http://www.twentyfouram.com/]

It aims to deliver an investment yield of over 7%, and pay this dividend each quarter.

The reasons for this investment being an attractive offer to income seeking investors is that high quality mortgages are seen as a safe investment for the following reasons:-

-Secured lending against important personal asset (one’s home, people will pay the mortgage and go without other things, rather than loosing homes home)

-Very low default rates and lower loss rates relative to other forms
of debt
-Annual loss rate during 2008 credit crunch always below 0.2%
-Repossession process is transparent and predictable
-Loss only incurred firstly after default and then only if property
recovery is lower than value of mortgage loan

So one can see the potential upside on this fund.