Finding a Property to Buy

Welcome to Home Relief Bulletin Board

Monday 30 July 2018

by the Property  Team

Post No. 47

The next area of our Summer property campaigns for low income earners is about choosing a property to buy.  After working with them on buying and funding options available in the market, it is now time to start thinking of the kind of property they may wish to buy.

The first choice is not always the last one

If you are a council or housing association tenant, obviously your first choice of property to buy could be the one you are living in if you like the place and your current landlord/lady is willing to offer it to you to buy.  But, this does not mean this should be the last option for you. There are other alternatives as well, like those properties in the new build market.

Developing your property-to-buy choice

This week we are going to work again with low income earners and home buyers to find the best way of developing their choice of property to buy if they are finding it difficult to do it themselves. 

Just because someone is on low wage or income, it does not mean they cannot choose.  They can still choose although their choice could be limited compared to those who have enough money to choose and buy a property outright. 

Because low income earners’ income and choice are limited, they need to make an informed decision than just being cautious.

Making an informed decision that leads to a better choice

To make an informed decision, we are going to work on a combination of three situations or points to consider which are:

• Standard points that any buyer would consider.  These are part of the advice that any estate agents will provide to their prospective buyers.  They include: affordability, availability, suitability of the property to buy, location, transport links, restaurants, bars and shops, price and so on of the property to buy.

• Points related to you as a low income earner (as a particular type of buyer) looking to buy a property

• Points linked to the New HomeBuild properties and sector (as a specific type of property you are planning to buy).

Online search of property to buy

As part of what will be involved in finding a property to buy, we will conduct with prospective home buyers online browsing of properties to buy and visit some of the property shows organised by vendors or their agents.

The above is the content for this week’s campaign.

Need to find a home to buy, need finance to buy a home as a low income earner, why not ask Home Relief for information, guidance and advice?

Home seekers and prospective home buyers can consult Home Relief to discuss their individual cases, applications and the suitable options for them.

For more information about our property service to home seekers and tenants (including our full package on Help to Rent), please go to https://homerelief.co/tenants/

For properties to rent, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you.

Many thanks!

Home Relief – a freelance e-property agent that relieves your needs

Funding Options

Welcome to Home Relief Bulletin Board

Monday 23 July 2018

by the Property  Team

Post No. 46

 

Funding Options for Low Income Earners and Property Buyers

In a series of Summer property campaigns, we are dealing this week with the critical issue of finance to buy a property.  We are going specifically to look at how and where to find the difference of income to meet or match the price of the property that low income earners would like to buy.  

Those who earn enough, they can afford to fund their property buying project.  However, for those who do not earn enough (especially those in lower middle and low income brackets), it is often difficult for them to enter the property ladder.  They may not always afford to buy a property outright from an open market unless they get help.

These low income earners are the ones with whom we are working to explore leads and solutions to secure the funding they need to buy a property to live in.

The funding options that we will be dealing with them are those mostly related to the following HomeBuy products: Social HomeBuy, HomeBuy Direct and New Build HomeBuy. 

We shall as well consider other home buying financial products (such as guarantor mortgage, funding when buying with friends or family members, funding linked to the right to buy scheme and right to acquire initiative etc.).  

We will first start by assessing the home needs of the prospective home buyers.  Then, we will consider their earning capacity and net income.  Finally, we will move on to the following funding options:

• Discounts offered by various HomeBuy products

• Financial conversion of prospective home buyers’ wealth and others assets

• Financial security

• Mortgage options available for them

• Bridging loans and finance

etc.

At the end of this process, we hope to come up with them with a basic financial plan to buy a home.

Each prospective home buyer is a special case.  Therefore, there will not be a one size fits all policy.

Where necessary and if requested, leads and signposts will be given to contact affordable independent financial advisers specialised in home buying matters.

Need to buy a home, need finance to buy a home as a low income earner, why not ask Home Relief for information, guidance and advice?

Home seekers and prospective home buyers can consult Home Relief to discuss their individual cases, applications and the suitable options for them.

For more information about our property service to home seekers and tenants (including our full package on Help to Rent), please go to https://homerelief.co/tenants/

For properties to rent, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you.

Many thanks!

Home Relief – a freelance e-property agent that relieves your needs

 

Home Buying Options

Welcome to Home Relief Bulletin Board

Monday 16 July 2018

by the Property  Team

Post No. 45

PROPERTY BUYING OPTIONS FOR LOW INCOME EARNERS

Our Summer campaigns for both landlords/ladies and home seekers continue.  Those landlords/ladies who want to instruct us to let or manage their properties, they are welcome to do so.  For home seekers and prospective tenants who want to apply for accommodation, we are ready to take their rental applications further. 

While these campaigns have been running, we are dealing with another line of support for low income earners, which is working with them to becoming home owners.

So, as part of our work with low income earners this week, we are exploring with them the available and suitable options for them in order to enter the buying property market. 

Our work is based on case by case according to individual home seeker’s circumstances, in looking at the steps they need to take to become property owners. 

We are considering buying options for people who do not earn enough to buy a home outright.  The buying options that we are dealing with for affordable home ownership properties include the following:

• Shared ownership (a system by which the occupier of a dwelling buys a proportion of the property and pays rent on the reminder, generally to a local authority or housing association)

• Guarantor mortgage (a system that helps you buy a home even if you have no deposit or your financial circumstances would usually put lenders off)

• Right to buy scheme from councils if you are council tenants

• Right to acquire initiative from housing association if you are housing association tenants

• Buying with friends or family members (what to consider when buying a property with friends or family members in terms of advantages and disadvantages)

We are also considering what some call in the property jargon Home Buy schemes: Open Home Buy, New Build Home Buy and Social Home Buy. 

Information, guidance and advice will be given to those who seek them.

Signposting prospective home buyers to specialist affordable home advice services, is also available as part of our work with home seekers.

Home seekers and prospective home buyers can consult Home Relief to discuss their individual cases, applications and the suitable options for them.

Need to buy a property as a low income earner, contact Home Relief.

For more information about our property service to home seekers and tenants (including our full package on Help to Rent), please go to https://homerelief.co/tenants/

For properties to rent, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you.

Many thanks!

Home Relief – a freelance e-property agent that relieves your needs

 

Tenants’ Rental Accounts

Welcome to Home Relief Bulletin Board

Monday 09 July 2018

by Lettings and Management Team

Post No. 44

How to set and organise your rental accounts as a new tenant

This week, as part of Summer Help to Rent, we are working with home seekers and new tenants on the best possible way of setting up and organising their rental accounts.

Often, when a tenant signs up for a long-term rental agreement (such as a 6 months to 18 months assured short hold tenancy), generally speaking they will be responsible for the payment of the bills (e.g. gas, electricity, water rates, council tax, TV licence, phone etc.) as well as the organisation of the way those bills are paid.

Depending on who is their landlord/lady or letting agent, new tenants may or may not get help to set their first rental accounts up.  If you have already been a tenant, you may have experience on setting them up by yourself.

However, if you are a new tenant, this could be a new area of learning.  Some new tenants can easily handle the matter; others may find it difficult, especially in the rental environment where there is constant change.  If you don’t have help, then you will have to do it by yourself.

For those who have not been in the process before and those who are finding it hard to arrange their first rental accounts, we are working this week to support them in this area of rental responsibility.

In this respect, working together with them to set up their first rental accounts as a new tenant will include the following activities:

√ Identification of rental payments related to utility and telecoms suppliers, community charge (council tax), TV licence etc.

√ Tracking of rental expenses

√ Setting up your rental accounts online and offline

√ Learning how to avoid accounting and financial mistakes at an earlier stage

√ Rental budget including money aside for potential repair

√ Building simple videos, guides and tools to help them effectively and efficiently manage their rental accounts etc.

There are benefits for properly setting up your rental accounts as a tenant, benefits which include:

√ Reduction and avoidance of potential conflicts with your landlord/lady

√ Saving money with companies supplying services to your rented property

√ Protection for your deposit

√ Safeguarding your reference and credentials

√ Keeping secure your credit scores and check file and profile

√ Above enjoying a hassle-free tenancy period and peace of mind

Etc.

Need help to set up and organise rental accounts, contact Home Relief this week.

Need check about rental accounts already set up, contact Home Relief this week.

For more information about our property service to home seekers and tenants (including our full package on Help to Rent), please go to https://homerelief.co/tenants/

For properties to rent, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you.

Many thanks!

Home Relief – a freelance e-property letting agent that relieves your needs

 

Summer Short-Term Lets & Rentals

Welcome to Home Relief Bulletin Board

Monday 02 July 2018

by Lettings and Management Team

Post No. 43

Summer Short-term Lets and Rentals

Our Summer campaigns for both landlords/ladies and home seekers continue.  We are dealing with both long- and short-term lets and rentals.  However, this week our focus is on short-term lets and rentals.

• Summer long-term letting instructions and rental applications

If you are a landlord/lady and thinking of instructing us to take care of your property during the Summer holidays, Home Relief will accept your instructions.

If you are a home seeker and contemplating renting over this Summer, Home Relief is prepared to deal with your rental application.

• Summer short-term lets and rentals

Home owners don’t keep your property vacant over this Summer!  Home Relief can work for you and make sure that your property brings extra income over this Summer.

If you are a landlord/lady and would like to let your property on a short term basis over this Summer, Home Relief is ready to take your instructions.  We can market your vacant property and work for you so that you can benefit from a new source of income over this Summer.  We have prospective renters and travelers looking for affordable properties.

Home seekers, do you know that Home Relief is the right freelance agent where you can get your Summer short-term rental or holiday accommodation?

If you are a home seeker and looking for a short-term rental, Home Relief can find a property for you.  Likewise, if you are a traveler and looking for Summer holiday accommodation for a few weeks to 2 or 3 months, Home Relief can search one for you. 

Most of short-term rentals we can find for you would be fully furnished and inclusive of bills utilities, television, internet etc.

For more information about our property service to home seekers and tenants (including Help to Rent), please go to https://homerelief.co/tenants/

For more information about our property service to home owners and landlords/ladies, go to https://homerelief.co/landlords/

For more information about our property management and maintenance, go to https://homerelief.co/property-management-maintenance/

For properties to let and who is looking to rent, go to https://homerelief.co/property-search/

For weekly property news and updates, please read our weekly posts.

Thank you for reading this post.

We look forward to receiving your regular visits to Home Relief website and to doing business with you.

Many thanks!

Home Relief – a freelance e-property letting agent that relieves your needs