Say hello to JaeVee

Do you have a minimum or maximum GDV?

No project is too high or too low, whether it's a three-bedroom terrace house or a large-scale £50M+ development, as long as it's profitable we will consider it. In terms of sale values of individual dwellings, we tend to steer clear of those whereby the sales price is £1m+ unless you're able to demonstrate a regular flow of sales.

What's the minimum return on investment you aim to achieve for each project?

We look for a minimum return on capital of 20% on our Sell for Profit product and 10% on our Let & Hold product. Before you submit your proposal, we will provide you with an indicative range of the profit you could realize upon achieving the proposed exit strategy.

What timescales do you work within for each project?

We generally look for an exit within 6-60 months, which is measured against total capital in, security, risk and profit margins.

How do you assess property opportunities?

Our investment analysts have predefined due diligence checklists for each property investment type that they work towards. Once the proposal is approved, each property is surveyed in advance of exchange by a RICS Building Surveyor unless you provided a recent survey (dated within the last 3 months) when submitting your proposal.

Who pays for the building survey?

Initially, you will pay for the survey and once we've completed on the purchase, we will reimburse you the amount.

What does the annual membership include?

It includes 10% off all training courses and workshops for the preceding 12 months of becoming a member. It also includes advice on all proposals prior to submission (including negotiation tips)

Do I have to use project management support if I don’t need it?

It depends on your level of experience. Those that have successfully completed three property investments which have achieved profits in the last 36 months do not have to take it. Those that are a little new to property investing are required to take project management support for their first 3 projects with JaeVee. We’ve found this to be a really great way to teach people.

Can JaeVee help me with the refurbishment, conversion, new build or extension?

Absolutely. We recognise our property developers and landlords are at different stages of their experiences so we provide an in-house RICS qualified project manager to assist you throughout each project.

How long does it take to obtain an approval?

When you submit a proposal it's important to upload all the requested documents in order for JaeVee to validate your proposal. Our service level agreement in reviewing proposals to make decisions is 5 working days from the validation date. Therefore, it's important you respond quickly to our validation email request which will outline any documents needed to validate your proposal.

Upon a proposal being accepted via the execution of our agreement in principle, it can take up to 6 weeks to exchange and complete dependent upon the depth of surveys and legals involved. A Skype or face to face meeting will be required.

What is the structure of the joint venture?

A Special Purpose Vehicle (SPV) is created for each venture whereby all parties are protected by holding shares in conjunction with a number of agreements such as a shareholders agreement. Both the profit and any rental or business income generated is distributed according to the shareholding amounts.

Do I need to provide a personal guarantee?

Our role is to provide you with a platform that offers 100% of the funding, training and support you need. Your role is to manage the development, complete the build and achieve the exit strategy on time and on budget. Our Guarantee is the 100% funding and support and in return we will require a Personal Guarantee, which is capped.

Will I be credit checked?

As you'll be the lead developer, once you submit a proposal as part of our due diligence process, JaeVee will conduct a credit check to confirm eligibility.

If I don’t want to do the work of the property developer, can I invest equity into a project?

If you’re a high net worth or sophisticated investor, you can invest in the project(s) of your choice via our joint venture equity platform.

What happens when my proposal is accepted?

When your proposal is accepted, an agreement in principle will be issued. This will outline our heads of terms. In order to accept, a £500 commitment fee is payable. This is refundable upon completion of the purchase or should JaeVee withdraw our offer. Should you withdraw, the commitment fee is non-refundable.

Does JaeVee provide an online property development course?

We're currently working to compliment our joint venture business with an online learning management system. As most of our clients are busy people, we decided to give them the opportunity to learn at their own pace, when they want.

The courses will feature explainer text, videos, audibles, quizzes and document templates. It's designed to help those wanting to get into property development. With the option to learn from the comfort of their own home or office. The major USP is that is provides users with a 10 year lifetime pass giving them live updates to the changes in the UK property development market as and when they happen.