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FAQs

Frequently Asked Questions
HomeMelone Ltd purchase tired, neglected properties that are in need of significant renovation. We update them for increased value in order to either sell them, or rent them to vulnerable tenants within the supported living sector.

HomeMelone Ltd invests predominantly in the North East of England and greater Manchester.

HomeMelone Ltd works with a range of people, including professionals such as estate agents, solicitors and trades, as well as other property experts and investors. We only work with people who are reliable, communicate well and fit with the ethos of our business.

There are always risks with any investment strategy, but the HomeMelone team takes that risk upon ourselves when working with investors. Each project is thoroughly stress-tested to mitigate the potential risk. 

HomeMelone was established in 2019 after previously investing with other developers and undertaking renovations on our own homes.
The two main strategies employed at the moment are Buy-Refurbish-Refinance on to standard ASTs / ASTs to Supported Living Providers; and Buy-Refurbish-Sell to first-time buyers. In addition, we have one HMO currently in the refurbishment stage, which we intend to rent to hospital staff.
HomeMelone Ltd currently owns two properties; an HMO and a Tyneside flat, both in Gateshead, with a combined GDV of £400k. We previously sold a building with four apartments in Redcar and have recently completed a flip in Manchester both of which resulted in high profit margins, which were reinvested into the business.

The HomeMelone team originally met at a MSOPI course run by Progressive Property. We subsequently all went on to complete further extensive training with Progressive, including Serviced Accommodation, No Money Down, and the NMD Masterclass. We are continually investing in our education through regular networking events that provide ongoing support, professional talks, and mentoring.

Anyone can become an investor as long as they meet the criteria defined by the FCA under the Financial Services Markets Act (2000).

All investments carry risk. However, this is offset by backing any funds against our current portfolio, legally constructed loan agreements, first charge options and personal guarantees.

  1. Arrange a call or meeting so we can get to know each other and decide if we are a good fit and both parties want to proceed
  2. Clarify any details and answer any questions 
  3. Sign a secure investment agreement 
  4. Deposit investment amount 
  5. Receive interest on investment on agreed repayment basis

Before we discuss current opportunities and what we might be able to offer, we need to discuss things in greater detail to ensure everything is understood and that you are protected according to FCA rules. Investment interest rates vary depending on the amount and duration of the loan, and the level of security available.

Generally speaking yes, as long as at least three months notice is given. When investing larger amounts, tied to bigger projects, you might not be able to withdraw all invested funds before the project completion date.