How To Build A Property Portfolio Without A Huge Capital | Rick Otton Strategies

Bank of England

A new survey conducted by Equifax confirmed that over half of UK homeowners believe that they would face financial struggles once interest rates increase. The Bank of England already voted a few weeks ago that they will maintain the base … Continue reading

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How To Buy A House Without Getting Buried In Debt | Rick Otton Shares His Thoughts

Home Loan

The Council of Mortgage Lenders revealed that, although more people are buying houses, they are also taking on larger loans in the process. CML said that 12,300 new mortgages were awarded to first-home buyers in London only, but the total … Continue reading

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How Will Interest Rates Affect The UK Property Market? | Rick Otton Takes a Look

How Will Interest Rates Affect The UK Property Market

Latest survey figures from Halifax found that 51 per cent of UK homeowners are not worried about the impending rate hikes and how it may affect their mortgage repayments in a couple of months. Halifax Mortgage Director, Craig Mckinlay, explained … Continue reading

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Is Renovating Always A Good Idea? | Rick Otton Explains

Property Renovation

In investing, the general rule is to buy low and to sell high. When it comes to property, a common strategy is to buy a not so good house for a low price, and then renovate it so you can … Continue reading

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Why Seller Finance Makes Sense In A Rising Market | Rick Otton Explains

Why Seller Finance Makes Sense In A Rising Market | Rick Otton Explains

New LSL Property Services Acadata House figures revealed that UK house prices jumped 5.7 percent in the 12 months leading up to June 2014, which means the average price for houses in the country is now at £164,105. As is … Continue reading

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Will Interest Rates Eventually Make UK Homeowners ‘Mortgage Prisoners’ | Rick Otton Analysis

Will Interest Rates Eventually Make UK Homeowners ‘Mortgage Prisoners’ | Rick Otton Analysis

For the past five years, interest rates have been kept at 0.5%. However, it is expected to start shifting as early as later this year. And when it does, a new report from Resolution Foundation revealed that 2 out of … Continue reading

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How Does The Strong Pound Affect The UK Property Market | Rick Otton Explains

British Pound

Property markets, at their simplest, are a simple supply and demand equation. If there are more buyers than sellers, prices will go up because demand for new homes is greater than the supply available. But as with all things, nothing … Continue reading

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The Cost of UK Property | Rick Otton Takes A Look At Current Home Values

The Cost of UK Property | Rick Otton Takes A Look At Current Home Values

In many places in the UK, people are continuously feeling priced out of the market. Aspiring homeowners remain aspiring, as the minimum deposit keeps rising with home values. Just how expensive are houses in some of the UK suburbs? Every … Continue reading

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