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Frequently Asked Questions

Investing places your capital at risk, please see further details below.


Frequently Asked Questions

Investing places your capital at risk, please see further details below.


Who are Oaksmore?

Oaksmore Portfolios AIFM Limited is authorised and regulated by the Financial Conduct Authority, #752595. Oaksmore specialise in the creation and management of property funds. The management team have been responsible for the launch of more than 200 property funds over the last 30 years, with assets totalling in excess of £15 billion. To find out more about Oaksmore please visit

What types of investment do we offer?

We offer investment opportunities in respect of real property to qualifying investors.

We offer an online investment opportunity into fixed rate loan notes/bonds that can be held within an Innovative Finance ISA.

We treat each potential IF ISA and bond investor as our client for the purposes of the FCA rules and are responsible for ensuring that you understand the nature of the investments. The Bond Prospectus is available to download on our website. We do not offer investment advice: if you are unsure about whether investing is right for you, you should consult an appropriately qualified investment adviser (see

Who is the issuer?

The Issuer is Gallium Capital Limited, the company that issues the underlying bonds. Gallium Capital Limited is part of the Gallium group of companies. For more information about Gallium Group, please visit

What is an Innovative Finance ISA?

It is an individual savings account that permits you to invest in loan notes and similar investments that are facilitated through an electronic platform. Oaksmore only offers investment in bonds through its Innovative Finance ISA. The income and any capital you receive is not subject to tax.

How do I invest in an Innovative Finance ISA?

You can subscribe cash into a new ISA with us and transfer existing ISAs to us. The current ISA allowance is £20,000. You can only invest in one Innovative Finance ISA in any tax year, but you can mix your investment across different ISA types (Cash ISA, Stocks and Shares ISA and Innovative Finance ISA).

Please be advised that ISA eligibility depends on individual circumstances and tax rules may change in the future.

What is the minimum investment amount?

The minimum investment is £1,000.

What is the maximum investment amount?

If you wish to invest in an ISA, you will not be able to exceed your annual allowance, currently £20,000.

There is no prescribed maximum investment amount but we have absolute discretion as to whether to accept an investment.

What happens to my money?

Your IF ISA is used to acquire bonds issued by Gallium Capital Limited. The Issuer lends your money to a special purpose vehicle that holds and will develop real UK property.

Who holds my money?

Your initial cash investment is held in a client account by Gallium Fund Solutions Limited in accordance with the FCA’s rules. This means the money is held in a bank account that is separate from Gallium’s own funds. Once Oaksmore is satisfied that the Investment Criteria have been met then your cash investment will be used to acquire bonds from the Issuer.

What are the fees?

The fees are set out in our Terms and Conditions and are met by the Issuer.

What are my returns?

Interest is paid annually in arrears. The level of return depends on the duration of the bond you select for your IF ISA, as follows:

2 years – 5% per annum

5 years – 7.5% per annum

When do I get my money back?

The bond investment is returned at the end of the bond investment duration (2 years or 5 years). You are given the option of investing in a new replacement bond, thereby maintaining your initial ISA tax allowance. If you do not wish to invest in a new bond then we will deposit your capital to your nominated bank account in cash. Alternatively, you can transfer your ISA to another ISA manager. Please be advised that ISA eligibility depends on individual circumstances and tax rules may change in the future.

If you do not provide instructions in respect of your investment option within 2 months of the end of the bond investment duration, in order to maintain your ISA allowance, we will automatically reinvest your money into the investment with the shortest investment term that we offer at that time. Your money will be committed for that period, up to a maximum of 5 years.

Can I sell my loan notes?

You can transfer your loan notes to another eligible investor through the website. However there is no guarantee that you will be able to find a purchaser, as there is no recognised market in Oaksmore’ loan notes and you should be prepared to hold the investment for the full investment term. Capital invested in loan notes is at a risk. The Financial Services Compensation Scheme does not cover investment performance.

What happens if Oaksmore becomes insolvent?

This will not affect the obligations of the Issuer to repay sums due to you under the bond and you will be able to enforce the terms of the loan note directly against the Issuer. If Oaksmore owes you any money at the time it becomes insolvent, eligible investors (including most individual investors) will be able to seek compensation of up to £50,000 from the Financial Services Compensation Scheme (FSCS). For more information about the FSCS, including information about who is eligible to claim, please visit

If the issuer becomes insolvent, the FSCS does not cover investment performance and your capital is at risk.

What does asset backed mean?

The bonds are used to fund the acquisition and renovation of real property assets. The property market’s strong past performance is not necessarily a reliable indicator of how it will perform in the future but it remains the best performing major asset class of the last 50  years.

The bond issuer lends to property SPVs that meet our investment criteria. The property SPVs must pledge real property assets as security for the loan. This is why we refer to the bonds as being “asset-backed”.

Who is eligible to invest in loan notes?

Our bonds are available to everyday investors who will not invest more than 10% of their assets in unlisted securities. They are also available to high net worth and sophisticated individuals and to investors who are advised by a regulated financial adviser. You must demonstrate that you understand the key features and risks associated with investing in our bonds before you can be accepted as an investor.

In order to be eligible to open an Innovative Finance ISA, you must be an individual who is over 18 years old and resident in the UK (or treated as such). You cannot invest more than your annual allowance in any tax year (see above).

What checks do Oaksmore perform on investors?

We verify your identity prior to accepting your money. This will involve verifying your identity electronically. If we cannot identify you electronically, we may require you to provide us with certified copies of identification documentation (such as passport and proof of address).

Do I have any cancellation rights?

Once bonds are issued, you will not have the right to cancel your investment. There can be a gap between you subscribing for a bond and the issue of the bond. If you want to cancel the transfer of your ISA to us, you can do so for free within 14 days of the transfer taking place PROVIDED your bond has not yet been issued to you. You can sell bonds, but there is no recognised market for them.

How do I transfer an existing ISA into an Oaksmore Innovative Finance ISA?

In order to transfer an existing ISA, please download and complete the transfer approval form and we will contact your existing ISA manager on your behalf. You can only transfer cash, so if you hold investments in a stocks and shares ISA, your existing ISA Manager will sell them and transfer the cash to the Oaksmore IF ISA.

How do I transfer an Oaksmore Innovative Finance ISA to another ISA Manager?

You can notify us or contact the new ISA manager to effect the transfer. You will not be able to transfer bonds out of the ISA, so you will need to either sell any bonds you hold (which will be dependent on finding a buyer) or wait until they are redeemed.

How long do transfers take?

Transfers can take up to 30 days from receiving valid instructions from you. However there is no guarantee that you will be able to sell any bonds before the end of the investment term and you can only transfer cash, not bonds, from one ISA Manager to another.

Will I lose my tax benefits if I sell my bonds?

If you sell your bonds, the cash proceeds will continue to be held in your Innovative Finance ISA and can be re-invested or transferred to another ISA Manager, thereby safeguarding your tax benefit. You cannot hold cash indefinitely in an Oaksmore Innovative Finance ISA and we may contact you to request you to either re-invest or transfer your money and, ultimately, pay the money back to you and close your ISA if you do not take appropriate action within a reasonable period.

Does Oaksmore provide tax advice?

No, please consult a tax adviser if you require tax advice in respect of your personal circumstances.

What are the risks?

We have set out some of the key risks in the Risks page on our website.

Asset secured bonds in your Innovative Finance ISA

Earn tax free annual interest on your ISA qualifying investment:
5% per annum on the 2 year ISA and 7.5% per annum on the 5 year ISA.


Bonds secured by real
property assets.


No initial or transfer in


You can transfer your cash, stock and shares or Innovative Finance ISA.

Investing places your capital at risk, please see further details below.

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