Skipton offers property and FTSE linked bonds

Skipton, the seventh largest building society in the UK, has launched two guaranteed index-linked bonds. The five-and-a-half year 100% capital guaranteed products offer exposure to the FTSE 100 Index and the Halifax House Price Index (HPI) while providing a fixed return of 6.5% in the first year.

One third of each product's investment is invested in a one-year fixed bond which pays the income of 6.5% after one year.

With the Guaranteed Double Asset bond, the remaining two-thirds are linked to the FTSE 100 Index over a subsequent four and a half year period paying 100% of the growth of the index.

With the Guaranteed Triple Asset bond, one third is invested in the FTSE 100 Index and one third is invested in the HPI over a subsequent four and a half period. The product also pays 100% growth