(PRWEB) November 29, 2013
I believe that the current conditions in the property market are making those living in Great Britton less confident that theyll be able to achieve their dream of becoming home owners, commented Rick Otton, a respected mentor of many real estate experts in the UK.
Savills revealed in their newest study that there are 4.8 million households in the UK which are living in rented accommodations right now, and it is expected to rise up to 5.8 million in 2018, Yahoo Finance UK reported on 6 November 2013.
The report added that rental rates around the country will also jump by 25.8 percent in the same period, while rates in London will rise 24.4 percent.
A lot of people are living in property to rent rather than buy a house of their own, because its become very difficult to save up for a deposit nowadays, Mr. Otton said in a recent interview for his Power Property Profits Pack.
The first problem that most aspiring home buyers struggle with is the large amount of cash you need to pay for a deposit on houses for sale. Some families take years to save up the money needed, but in the end the opportunity still gets away from them since property prices increase so fast, he explained further.
Another obstacle thats preventing renters from getting real estate of their own is the high price of rent. More and more of their pay check goes to paying the monthly rent to their landlords, instead of being tucked away as small start-up money for their future home, Mr. Otton added.
To escape these stumbling blocks, Mr. Otton recommended renters to try using creative strategies found in the Power Property Profits Pack when buying and selling houses, so they dont have to save up a large amount of cash for a deposit or even apply for new mortgages with the bank.
Unlike the traditional process, creative strategies encourage flexible payment terms between the buyers and sellers; thats why theres no need to save up a large sum of cash just to buy a house, according to him.
Visit http://www.rickotton.co.uk/ today and sign up for a free copy of Rick Ottons limited edition Power Property Profits Pack.
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.
Rick Otton Encourages Renters to Use Creative Strategies As a Way to Escape Rental Properties is a post from: Best Home Mortgage