No Need to Take Out New Home Loans, Explains Rick Otton

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Renowned property investment mentor Rick Otton will share how seller finance strategies can help UK residents side-step the hassles of taking out a new mortgages when he hosts his upcoming 2014 event Zero Debt Property Cashflow Bootcamp.

Zero-Debt Property Cash Flow Conference

...if the terms are convenient, then a property becomes easy to buy. And if it’s easy to buy, it’s easy to sell.

The Center for Economic and Business Research released a new report for Barclays Mortgages warning that the average rate of monthly mortgages could rise from £666 monthly to £687 by December 2015, (Descrier reported on 25 February 2014).

The study reported the mortgage rise will be the result of impending interest rate hikes. CEBR predicts that mortgage base rates will climb from 0.5 percent to 1.25 percent in November 2015, because of signs that the economy is bouncing back from the crash.

“In the past when people wanted to buy a house, they would go to the bank and secure a mortgage. But ever since the global financial crisis in 2008 a lot has changed with the UK’s real estate market for better or worse,” according to Rick Otton, a property coach with almost 11 years of experience in the UK property market.

“One of the many changes seen after the GFC was that the banks have become stricter in approving mortgage applications, so people with less than perfect credit scores couldn’t get financing for the house they wanted. Aside from that, new bank loans usually require people to pay high deposit fees. Sadly, it takes years before regular folks can save up enough cash,” he said.

Mr. Otton then pointed out in a new interview for his Zero Debt Property Cashflow Bootcamp that with all the stresses brought about by securing new mortgages and the impending rate hike, it’s about time people started exploring new and creative ways to buy property.

“The traditional process of buying and selling houses in the UK has become too difficult for common people. This is not only unfortunate for buyers who get locked out of the real estate market, it’s also unfortunate for sellers since it becomes much more difficult for them to sell. But who says that bank finance is the only way to buy a house? There are other ways to purchase property and that a more efficient solution is through flexible ‘seller finance’ agreements.” Mr. Otton shared.

“I’ve always said that affordability is in the terms and not the price. That’s because flexibility can account for specific situations – unlike a computer that the bank uses to decide home loan approvals. And if the terms are convenient, then a property becomes easy to buy. And if it’s easy to buy, it’s easy to sell. It’s really as simple as that,” he added.

Log on to today to register for Rick Otton’s highly-anticipated visit to U.K. from 21-23 March 2014, and get more tips on how you grow your property portfolio successfully.

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, 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.

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Jose Climaco
Rick Otton
since: 05/2010
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