We shouldn’t rely on old processes anymore because they can’t solve complex property problems that every modern home buyer faces.
(PRWEB) September 21, 2013
“The ‘Help To Buy’ scheme has been producing mixed results on different parts of the U.K. ever since it was launched, and if this will continue home buyers will be faced with long-term problems for the short-term ‘help’ they are receiving,” said Rick Otton, the man who introduced creative real estate strategies in the United Kingdom.
The Office for National Statistics found that there has been an uneven inflation of house prices around the United Kingdom last July. They reported that the average price is at £438,000 for London real estate, while the rest of the country falls around £255,000 to £144,000.
In light of these statistics, Business Secretary Vince Cable called for a reassessment of the “Help To Buy” scheme, urging that it should only be concentrated on regions which have ailing property markets, according to a report from Express UK on 17 September 2013.
Mr. Otton shares the concern of Secretary Cable and advises first home buyers to use creative solutions when buying houses or real estate investment instead of relying on government subsidy.
“Creative strategies are a more stable solution to home ownership because it doesn’t rely on the traditional processes of buying and selling houses. We shouldn’t rely on old processes anymore because they can’t solve complex property problems that every modern home buyer faces,” he said in a recent interview.
“Imagine this. The traditional process requires all buyers to take out loans to pay for UK real estate, but before they can do that they must first save up the required deposit to secure a home loan. After the global financial crisis, however, the banks have been more selective in approving loans, so even if buyers have enough deposit there is still a big chance that their application will not be approved,” he explained.
“There is just no way for regular folks to get a house of their own with this kind of process; that’s why it’s important to think of new and creative ways to help them get their own UK real estate,” Mr. Otton added.
“These strategies can also be applied anywhere, which means that the process doesn’t change, whether you’re in London or Scotland you can apply these strategies and always get positive results,” Mr. Otton also shared.
About Rick Otton
Rick Otton, renowned property investment strategist, has spent decades making money by snapping up inexpensive real estate and putting it to work building wealth, and teaching others to do the same.
He is the founder and CEO of We Buy Houses, a leading property enterprise in the international markets of Australia, United Kingdom, New Zealand and the USA.
Motivated by the “Savings and Loan Crisis”, Rick received his start in alternative real estate investment in 1991 in the USA. Within a year, he had acquired 76 properties and in subsequent years, he made a fortune using his low-risk, high-reward strategies to inexpensively acquire real estate. He continues to do so and shares this knowledge to those who are interested to learn.
Rick spends his time between Australia and the United Kingdom, sharing his wisdom and teaching others how to buy and sell real estate, free from the constraints imposed by traditional lenders.
In April 2013, Mr. Otton celebrated the 10th year anniversary of introducing creative real estate strategies in the UK during the Zero-Debt Property Cashflow Conference, which is held annually for people who are interested in learning more about Rick’s strategies. The 3-day conference covers all the topics discussed in How To Buy A House For A Pound and how it can be applied successfully in real life scenarios.
Rich has been featured in a variety of television programs and magazines and in 2013 he published ‘How To Buy A House For A Dollar’ for the Australian market. This book has been named in the list of the Top 10 Most Popular Finance Titles for 2013, as voted by Money Magazine and Dymocks Book stores. He has also recently announced the upcoming release of his book “How to Buy a House for a Pound”, which is a compendium of all the strategies a property investor needs to buy and sell houses easily in the UK without the need for traditional bank financing.
Details of Mr Otton’s UK Zero-Debt Property Cashflow Conference can be found at RickOtton.co.uk or phone, in the UK, 0207 000 1027.