How can HAF help?
Consulting
Buying property is complex, we can help! Some of the questions we can help the team consider are:
• What’s the best type of property to buy and on what streets?
• What would that cost now and going forward?
• Who might contribute towards funding that?
• What service providers should we be working with and when?
Loans
Sometimes a gap exists between the house price and available capital. We might be able to help by:
• Quantifying how much additional capital you need
• Introducing you to our panel of mortgage providers to see what rates they can offer
• Helping communicate your case to potential donors and lenders
• Presenting your case to our investment committee for a HAF loan
Our process
Get ready to buy…
Does the team agree on what’s sort of property we are looking for?
Have we got our capital lined up such that we are ‘good buyers’?
Find a great house…
Let’s be smart about what we buy.
What can be done to improve it?
Is it a good investment?
Purchase the property
Let’s get the right team of professionals into the mix, from valuation through to completion.
Things can take too long, be inefficient and cost too much.
Improve the property
(as needed)…
Often buying ‘below market’ requires a make-over and / or extension.
Let’s get that done efficiently.
Our process
“Living locally is essential for planting and growing more churches, especially in poorer neighbourhoods.
HAF is a great innovation to address inadequate and expensive housing.”
“Helping church workers transition from renting to paying a mortgage would be a great step forward.”
Who can HAF help?
If you can answer ‘yes’ to these questions then HAF can help. Just click the button below to get in touch.
1) Is your charity looking to purchase residential property?
2) Can your endorse this Statement of Faith: LINK HERE
3) Do you have a deposit amounting to at least 10% of the anticipated house price?
4) Do you have a project leader (who ideally knows something about property, finance, project management)?
5) Are you willing to pay HAFs consulting fees? They are: (1) a ‘commitment fee’ of £1,000 at the outset of our journey, (2) a ‘success fee’ of £1,500 once an offer has been accepted on a house and (3) a ‘performance fee’ of £2,500 on completion. All our fees incurs 20% VAT
If ‘yes’, please click below to get in touch and let’s explore next steps
Case studies
North London
An FIEC church in northern London contacted HAF to see if we could help. We helped them think through what they could afford and where they ideally would like to buy a house. We then helped them approach a set of mortgage providers together and secured two competitive ‘agreements in principle’. This framed the fundraising challenge and gave us an idea of how much we needed to raise.
Between us we managed to find the rest of the capital and are just now (April ’22) starting a house hunt. As cash-ready buyers we are attractive in the market and hope to find a really great house to buy for the church and for HAF investors.
Cowley, Oxford
“Grace Church, Cowley is a church plant of St Ebbe’s Oxford. Given the cost and insecurity of renting in Oxford it made sense for the church to purchase a house.
The process, cost and complexity of that was not trivial and we were relieved to discover HAF who provided great companionship and help and got us into a wonderful home that my family and I now enjoy living in. We are just now finishing turning the garage into my home office!” Rev. Ben Vane.
Our team
Simon Pillar, Chairman
Founder and Managing Director, Pacific Equity Partners (PEP). Prior to founding PEP, Simon was a Partner with Bain & Company. He started his working life as an engineer with the Royal Dutch / Shell Group in The Netherlands. MBA from the Wharton School.
Patrick McDonald, CEO
Patrick has been involved with key worker housing for 5+ years, including planning, construction and property finance. He has brokered commercial capital for impact investors and consulted alongside McKinsey and Company. He holds an MBA from Oxford University and is a Partner in Openwell.
Nicholas Bewes, Investment Committee
CEO of the Howard Group of Companies, encompassing Howard Property Group and Howard Capital Partners. Prior to joining the Howard Group in 1999, Nicholas worked with The BOC Group for ten years, where he held various management positions.
Denis Petkovic, Legal Counsel
Practised law in London, Hong Kong and Sydney for over 37 years. Partner in leading UK and US law firms. Broad experience in finance and corporate transactions including acquisitions and disposals, structured finance, project financings and securitizations and derivatives.
Andrew Brown
Qualified chartered surveyor (MRICS) and Managing Director of Ash Mill Developments Ltd, a family firm specialising in residential development projects across southern England. Before joining Ash Mill Andrew trained at Savills Plc, qualified as a planning and development surveyor with St George Plc in London, and then had a brief spell with Laing Homes in Surrey.
Richard Gray, Director
Richard has 30 years of experience in the financial and legal sectors, most recently as a member of the executive committee at HSBC and is a committed Christian.
CONTACT US
To receive further information or schedule a call please contact
Patrick McDonald
patrick.mcdonald@housingaffordability.co
+44 (0)7968 024 903