We have a multi-layered security scheme in place for our investors' protection. We aim to protect your capital in the following ways:
Please note that as with any investment your capital is at risk.
Interest will be paid every three months on the following days: 31 January, 30 April, 31 July and 31 October (or the next working day on which United Kingdom clearing banks are open for business).
Interest will be calculated from the date your application has been accepted.
Your first payment will be calculated on a pro-rata basis.
Interest will be paid directly into the bank account you nominate. This must be an account in your name.
The three-year term bond attracts an interest rate of 6.5% per annum.
The four-year term bond attracts an interest rate of 7.5% per annum.
The five-year term bond attracts an interest rate of 8.5% per annum.
It is an HMRC requirement that Blackmore deduct what they term as 'Withholding Tax' which is 20% of the Gross interest amount. On behalf of bondholders, Blackmore transmit this payment to HMRC.
As an example, if an interest payment of £100 is due, then £80 will be paid to the investor and £20 will be payable to HMRC, by Blackmore, on behalf of the investor.
Blackmore does not have to deduct tax from interest if it reasonably believes the recipient is a company liable to corporation tax on the amount received, a local authority, or body exempt from tax such as a charity or pension fund.
For your information, please find below two documents which provide further explanation of the withholding tax.
Document 1: A legal opinion from Michael Collins, barrister who resides at Temple Tax Chambers. The opinion confirms that it is an HMRC requirement for withholding tax of 20% to be applied;
Document 2: A statement from A K E Tax & Accountancy Ltd, Chartered Certified Accountants & Registered Auditors. The statement provides additional detail regarding the requirements.
Blackmore cannot provide investors with tax advice and you are therefore advised to contact your tax adviser so that appropriate arrangements can be made prior to you investing in bonds.
Minimum investment of £5,000.
There is no upper limit and institutional investors with larger capital amounts are eligible to apply. The bonds are issued in series of £20,000,000. Once one series is full, the Company is likely to issue further series of bonds.
The interest rates are fixed to 6.5%, 7.5% and 8.5% for this series of bond issue. Blackmore reserve the right to adjust the interest rates offered in future bond issues. The likelihood is that the interest rates of future bond issues will be lower than the rates currently on offer. Capital is at risk.
There are no fees or charges. Your bank might charge you a transaction fee for transferring money. Blackmore does incur costs and professional services fees in raising capital and developing the properties, these are explained in the Information Memorandum.
No. You must be very certain that you will not require your money until the term expires. It will not be possible to access your capital before the end of the investment term. The only exception to this is in the event of the death of a bond holder where the Company may agree to a redemption or transfer.
Our Account Managers would be very pleased to assist you with any questions. Please note they cannot give financial advice.
To invest you must read the Investment Memorandum and complete the full online application
Investment is restricted to certain categories of suitable investors and not suitable for all. Suitability is explained in the application process.
You can invest more capital in the bond if you choose to, either at the same term or a different one. Simply give us a call on 0800 131 0100 and we’ll be happy to help.