It’s become popular with a lot of people because it lets you rent something and have the ability to buy it at the end of a contract, rather than paying dead rent, and it doesn’t require a lot of cash for buyers to get in this kind of agreement.
(PRWEB) November 25, 2013
“There are many ways on how Britons can escape a life of paying dead rent to their landlords, but it will only happen if they open their minds to creative solutions,” said Rick Otton, the man who introduced creative real estate strategies in the U.K.
A new study from Knight Frank revealed that residential rents for U.K. real estate will continue to rise up to 16 percent by 2018, (Property Wire reported on 22 November 2013).
Currently, rental rates for London property is 200 percent higher than the national average, while those in South East and East Anglia averaged £1,145 and £889, respectively, every month, according to another report from Move With US.
“The rate increase around the country is driving prices of property to rent up to a point where it’s practically like taking a new mortgage for a house, the only difference is that the money you’re paying every month is going into another guy’s pocket, rather than going towards your future home,” commented Mr. Otton in a recent interview for his Power Property Profits Pack.
“It will also make the task of saving up for a deposit even harder for many aspiring home buyers as more of their hard-earned money will have to go to pay the rent,” Mr. Otton added.
As a solution to the rental woes of many Britons, Mr. Otton included some strategies in his Power Property Profits Pack that can help buyers create convenient payment terms with property for sale.
“The rent-to-buy strategy solves both of the major hurdles in buying houses: the deposit and the loan,” said Mr. Otton.
“It’s become popular with a lot of people because it lets you rent something and have the ability to buy it at the end of a contract, rather than paying dead rent, and it doesn’t require a lot of cash for buyers to get in this kind of agreement which means that they don’t have to wait until they’ve saved up enough money just to become home owners,” he explained further.
About Rick Otton
Rick Otton is a property investment professional who, over the last 23 years, has introduced innovative real estate strategies to the UK, Australian and the United States. His creative ‘low-risk, high-reward’ approach to buying and selling houses is exemplified in his own business, We Buy Houses.
This year marks the 10 year anniversary of Mr Otton introducing his strategies to the UK, and the 5 year anniversary of his innovative ‘Buy A House For A Pound’ process – one that attempted to be emulated by others. His constant process of strategy refinement, and adapting to the ever-changing real estate market, continues to place him at the forefront of property investment education.
In 2012 Rick Otton published his Australian book ‘How To Buy A House For A Dollar’ which was named in the list of Top 10 Most Popular Finance Titles for 2013. A UK version is on the drawing board for publication in 2014.
Mr Otton freely shares insights into his non-bank-loan strategies that have allowed everyday UK men and women to beat the rental cycle and have their own homes. He coaches others on how to build profitable businesses by facilitating transactions that focus on the needs of potential buyers and motivated sellers.
Access his free downloadable Power Property Profits Pack at RickOtton.co.uk, as are the details of early bird pricing for his next UK 3-day real estate training conference in March 2014. Phone enquiries in the UK are welcome on 0207 000 1027.