Property Development with HiP
If you’re looking into property development, you might be interested in how HiP can help you. Right now, we are providing people with a completely revolutionary method of buying and doing up houses to sell for maximum profit.
Access the cash when you need it
Take out equity easily in order to pursue or speed up new projects – without borrowing or losing ownership
Access your Equity
Use equity to cover the monthly repayments
Access multiple investors
Raise the money needed to buy the property you want from multiple investors, instead of one single financial institution
Is becoming a property developer worth it?
Get property development right and you can earn a lot of money.
Get it wrong – and it could cost you a significant amount. However, you learn valuable lessons along the way, and if you’re willing to stick with it, it can become a whole lot easier and a whole lot more lucrative.
Property development involves a few disciplines:
– Being able to pick the right place to buy a property
– Developing it in a way suitable to its requirements
– Understanding how to develop property – or having the support of someone who does
It also helps to learn as many building and technical skills as possible. If you can master plastering, papering, painting, laying flooring and general DIY tasks, you’ll save yourself a lot of money on labour.
And it’s very rarely a hobby – this is a career choice because it involves a lot of graft, but also a lot of rewards too.
What are the main problems property developers have to deal with?
Besides picking the right locations, and maximising profits, the main problem for most developers is getting the finance behind large purchases like a house. Prices are on the up, which is great when it comes to selling a property. But when a property developer is trying to buy a house in a location which is seeing high house price increases, it can be very difficult to raise the capital.
Banks and lenders are being more and more cautious with borrowers and demanding big deposits.Most property developers have, in the past, relied on a buy-to-let mortgage or a bridging loan to finance a property. While this is the standard way of buying and doing up property to sell on, it does have its drawbacks. Buy to let mortgages can be very difficult to get approval for, and will need a substantial deposit to secure. Bridging loans, on the other hand, are a lot easier to obtain, but also a lot more expensive.
All in all, the financial side of things can provide a headache for anyone who wants to get on with their goal of selling a house that they’ve renovated from scratch.
"Hip has incredible potential. It brings accessibility and transparency to the property market for owners, occupiers, investors and developers, and allows them to take control and leverage the balance of their debt to equity to their own advantage."Paul Danks,
“HiP could solve the UK housing crisis”Peter Bill,
"It’s a game changer, and a very exciting one."Sophie Eastwood,
WHAT WE AIM TO DO
How can HiP help property developers?
With HiP, property developers benefit by using our app which has up to the minute prices on investment properties across the UK, withdrawing equity, either from their own home or the new property to help with the finance. Though HiP you can rely on help from third-party investors to progress with a purchase.
HiP has revolutionised the way commercial and residential property is bought and owned.
Rather than restraints and penalties from banks and mortgage lenders, HiP is opening up doors to endless possibilities to anyone who wants to buy a property – or properties.
We believe it’s your choice to access the money stored in your property. This equity allows you to do so many things, like:
Withdrawing money from equity without moving, borrowing or losing ownership, trading your equity against your mortgage… reducing the amount you borrow and even using your equity to cover your monthly mortgage repayments.
Which makes the whole process of property development suddenly become a whole lot easier.
HOW YOU BENEFIT WITH HIP
HiP is the NEW Way
to finance property
Reinvent the way you look at property investment
HiP is hugely beneficial to property owners, changing the way we can use bricks and mortar into something with far more fluidity than ever before. It is a debt and equity exchange, with investors all over the world interested in putting their money into property.
Turn Your Property Into a Bank Account
For you, this means a democratised property market; withdraw money from equity without moving, borrowing or losing ownership, use your equity to cover your monthly mortgage repayments, or trade your equity against your mortgage.
Flexibly in the high-yield property markets without limits
We allow you to do all this, and much more, without the penalties, costs and charges that a traditional lender would impose. Whatever your property investment or finance needs may be, HiP is on hand to help you take your next step.
HiP UK will be regulated by the FCA*
And have an agreed licence for trading in the UK and Europe. *As we go live these permissions are being reviewed.
HiP UK is based in London.
HiP's 20+ staff operate from Camden, London. With registered address in Bristol.
HiP is award winning
We have won an awards and been shortlisted for more. We came second in the worldwide PropTech Innovation Awards and as Bronze in the Digital Impact award 2017 for “Best use of digital by sector”.
Register your interest
Just fill out the form on this page now, and you’ll be the first to find out about HiP, which we are busy creating. We can’t wait for you to join the property revolution.
Frequently Asked Questions
HOW DO PROPERTY DEVELOPERS MAKE MONEY?
Property developers make money ultimately in the selling of the property. Whether they buy the property, or build it from scratch, the initial cost should be significantly cheaper than the price when it’s sold, for a healthy profit to be earned.
HOW MUCH PROFIT DOES THE AVERAGE PROPERTY DEVELOPER MAKE ON A PROPERTY DEVELOPMENT?
How long is piece of string? If it’s small scale, and it’s a property developer who is working by himself, doing one property at a time (also known as flipping houses). the profit could be anything from £10 – £15,000 minimum. This takes some know how, and needs to take into account buying and selling costs, repair and refurb jobs, estate agents costs and holding costs – which is paying for the property while it’s not lived in. An experienced developer will work all this in, and still manage to come away with a healthy profit that they can use as income as well as fund the next purchase.
HOW DO I GET STARTED IN PROPERTY DEVELOPMENT?
Making sure you can be accepted for a mortgage is fundamental to getting started. It also helps to have enough capital to get off the ground. You’ll need money for the deposit on the house, costs of owning the property while you do it up, as well as mortgage fees and buying and selling costs. Once the ball starts rolling, each property should more than pay for itself, but the start up costs can be a bit daunting.
How do property developers identify good locations to develop?
You don’t need to know the area intimately to gauge whether it’s a good location to develop. But what you need to do is work out the demand of living in the area, whether it’s close to amenities, transport links and schools.
HOW DO PROPERTY DEVELOPERS MAKE MONEY THROUGH REAL ESTATE CROWDFUNDING?
Real estate crowdfunding is often quicker than traditional financing, so deals can done at a faster pace than normal. This means more money can be made in a shorter space of time as there are none of the usual holdups.
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