Prosperity Group

Prosperity Group, a national developer built around a monthly payment plan

Prosperity Group presents itself as a national developer that designs, delivers and manages residential property across the UK, combining development work with an investment service aimed at buyers and landlords. Its central commercial proposition is a payment plan that removes the need for a lump sum deposit: instead of paying a large amount up front, the buyer spreads the deposit in monthly instalments across the two-year construction period, with the stated goal of building a 30% deposit in that time.

The company frames this structure as a way into ownership for first-time buyers, for people moving up the property ladder and for investors expanding a portfolio. It also offers plans that allow a purchase without the requirement for a mortgage, alongside the monthly deposit route.

How the payment plan works

The plan is described as the most affordable monthly payment option in its market by the company itself, and as a no-fuss arrangement managed end to end by Prosperity. The deposit accumulates month by month while the development is under construction, which the firm positions as suitable for buyers without large cash reserves.

Beyond the deposit schedule, the company lists a range of payment plans, from spreading the deposit monthly to buying without a mortgage. It states that the whole process, from start to finish, is handled in-house.

Investment types and stock

Prosperity organises its offer around several investment categories:

• Buy-to-let
• Off-plan purchases
• Student accommodation
• Traditional and short-term lets

It also markets investment to overseas buyers, with dedicated sections for Asia, Europe, Nigeria, South Africa and the United Arab Emirates, and publishes material on investing in UK property from America.

Developments and locations

The current portfolio shown includes three named schemes with guide prices: Lakeside in Nottingham from £164,995, All Saints in Chesterfield from £149,995, and Southside Residencies, a buy-to-let scheme in Birmingham city centre, from £229,995 or £2,299 per month. A separate page covers Smithfield House in Birmingham. The site also lists locations where it operates: Birmingham, Burton, Chesterfield, Derby, Halifax, Ipswich, Norfolk, Nottingham and Wolverhampton.

Prosperity states that it has built and delivered over 4,000 homes across the UK since 2007. Its own presentation claims yields of up to 8%, a figure it attributes to other Prosperity developments, and describes rental assurance and hands-off letting as part of its lettings and management packages. It also asserts that its developments sit in areas of high rental demand.

Services handled in-house

The company says it manages the entire purchase process and provides specialist mortgage and management teams internally, which underpins its pitch of a completely hands-off investment. Lettings and property management are offered as packages, and the group operates through several related brands: Prosperity Developments, Prosperity Prive, Lamont & Co, Prosperity Vita and BLOC Management.

Leadership and client-facing activity

Joe Billingham is identified as Founder and CEO. The site includes a downloadable seven-step guide to UK property investment, available after registering details, and a newsletter. It also runs events and publishes video content, including a talk by broadcaster and author Jake Humphries on high performance and a session at Hampton Manor.

Testimonials published on the site come from buyers and professional contacts, including a client who describes using the property as a pension asset, a managing director at Elevation Wealth Management and the managing director of Whiz International. Prosperity also maintains an introducer login and resources area for intermediaries.

Corporate information

The company publishes an ESG policy and a glossary, and its registered contact point is at JQ1, 32 George St in Birmingham. Prosperity Racing is listed among its activities.