MHC Property Overview

Property Improvement Plan (PIP)

Company No: 7731356Registered Offices: 2 The Hopkiln, Church Street, Harvington, Evesham, Worcs WR11 8PB

Improving your property to achieve its full market value

CONTENTS:

1. What is the Property Improvement Plan (PIP)2. Eligible property owners3. How the PIP works4. A working example of the PIP5. Benefits of the PIP6. Commitments for an effective PIP 7. MHC Property: The Team8. Legal framework9. Q&As


What is the PIP?

The Property Improvement Plan (PIP)…enables you to improve your property

…to achieve it’s full market value …without having to find the funds …or manage the project yourself

The PIP is provided exclusively by MHC Property


Owners who are committed to selling their property

Owners who can see that home improvement will add value

Owners who want a simple funding solution

Owners who don’t want to manage the project themselves

Owners with property currently valued £650k to £1.25m

Owners with property equity greater than 60%

Eligible Property Owners


1. MHC assess and agree the Property’s Initial and Potential Value if improved

2. MHC identify the project’s Budget and Timings

3. MHC and the Owner agree the Outline Improvement Plan

4. MHC provide the secured Interest-Free PIP Funding

5. MHC fully manage the project through to completion (10% of PIP funding)

6. Owner markets the property to achieve the full market value

7. The Growth in Value less PIP Funding is split 50:50

How the PIP works


Project ONE:

Initial Property Value: £ 820,000

Potential Property Value: £ 1,050,000 estimated after improvement

Improvement Costs: £ 70,000

PIP Funding & 10% Mgt. fee £ 77,000

Final Property Sale Value: £ 1,075,000 achieved

Growth in Value: £ 255,000 +31%

less PIP Funding: £ 178,000

50% Benefit (Property owner): £ 89,000

A Working Example of the PIP


* The Property Owner pays all selling fees (Estate Agent and Legal)

• The Property Owner benefits from: A simple process to secure the PIP Funding from MHC Property Interest-free funding Expertise that manages the Project and all costs through to completion Competitive purchasing of Materials and Tradesmen Full open book visibility of all costs 50% share of the increased value on the sale of the property*

• MHC Property benefits from: Secured PIP Funding 50% share of the increased value on the sale of the property* 10% of PIP funding as Mgt. fee

* After deduction of PIP Funding & 10% Mgt. fee

Benefits of the PIP


MHC Property:• 100% transparency in all aspects of the Improvement Costs• Provision of the interest-free PIP Funding • Full Project management• Deliver Growth in Value for your property to estimated full market value

Property Owner(s):• Use all reasonable endeavors to sell the Property following completion • Guaranteed repayment of the PIP Funding & 10% Mgt. fee and MHCs share on Sale completion

Commitments for an effective PIP


Executive Directors:• Philip Benham and Nigel Nelms• A passion for property improvement and value creation• 30+ years in property investment & development• Recent projects have delivered +30% value uplift

MHC Property: The Team

Trades Team:• 100+ years of trade experience• Excellent local reputation• Fully certified and accredited • Guaranteed work• £20 million Public Liability Insurance


MHC Property Overview

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