In some cases, the costs will be covered by the senior debt lender who will hold a first charge against the title of the property. This typically applies to small scale developments upwards with the costs (including interest to the senior debt lender) forming part of the project costs to be deducted from the Gross Development or End Market Values.
On some smaller buy to sell (flip) property investments it maybe that it’s more feasible for the renovation or refurbishment cost to form part of the total fund amount. You can see the details of planned renovation work within the property description on a property investment details page. There is always a break-down of the costs and projections as part of the useful summary.
Photographs of the constructions work will be uploaded to the investment as we go by the property developer. If any savings are made the excess is paid back to the investors, for them to withdraw or re-invest.
The property developer will select the contractors undertaking the works though JaeVee will oversee to ensure those contractors are CIS registered contractors (who hold the appropriate insurances) that we can trust, and have a proven track record in delivering the proposed scheme. You’re also able to see the details of the contractor and the construction contracts in place with the property developer.
Sheringham, Norfolk, NR26
Ipswich, Suffolk, IP3
Wymondham, Norfolk, NR18
Forecasted Annual Yield
Tamworth, Staffordshire, B78
JaeVee is a trading name of Estateducation Ventures Ltd (FRN797322), which is an Appointed Representative of Prosper Capital LLP, which is authorised and regulated by the Financial Conduct Authority (FCA) (FRN453007). Estateducation Ventures Ltd is registered in England & Wales with company number 10172481. The registered office of the company is Studio 9 Netherconesford, 93-95 King Street, Norwich, NR1 1PW.
JaeVee © 2019 • All rights reserved.
Investing in JaeVee involves risk, including loss of capital and illiquidity and it should be done only as part of a diversified portfolio. Investments made through JaeVee are not covered by the Financial Services Compensation Scheme (FSCS). Please read our full risk warning before deciding to invest.
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