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Securing 95 Percent Mortgages Is Not The Easiest Way To Buy UK Property, Says Rick Otton

With the demand for 95 per cent home loans increasing, Rick Otton, best-selling author and renowned property investor shares alternative ways to buy property in his Free Report.

(PRWEB) December 23, 2013

The Mortgage Advice Bureau (MAB) found in a recent survey that only 1 in 4 mortgage applicants in the U.K. can afford to pay a 5 percent deposit; suggesting THEIR IS A demand for 95 percent mortgages, (the Mortgage Introducer reported on 16 December 2013).

The study added that the average income of mortgage seekers is at £32,313; yet only 32 percent of new mortgage seekers can buy a property for sale without the help of government subsidy or family and friends.

“People think that getting a new mortgage or saving up cash for a deposit is the hardest part of buying houses for sale, but paying out the entire value of the mortgage is actually harder. When you total all the costs, including the interest rates, you actually end up paying more than the original purchase value of the property. Not to mention, 95 per cent loans make you vulnerable if the market suddenly turns.” according to Rick Otton, the pioneering mind behind creative real estate strategies, in a recent interview for his Free Report.

“Rather than look for a high risk mortgage or asking your family and friends for some extra cash to get your foot on the rung of the UK property ladder, you can use creative strategies to buy a home,” he shared.

Mr. Otton then explained that buying property using creative strategies is a better alternative than applying for a 95 percent mortgage, because it doesn’t require the buyer to save up a large amount of cash for deposit or apply for high-risk mortgages that could easily place you in negative equity should the market turn unexpectedly.

“Even with the reduced price, Britains will still need to get their hands on cash for a 95 percent mortgage, but with creative strategies, buyers and sellers don’t only depend on cash to strike a deal. you can apply sweat equity and or a percentage of your monthly rent towards purchasing your property for sale,” Mr. Otton said.

Visit right now to start your career in property investment.

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 Report 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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