Landlord/Lady–Tenant Relationship Support

Welcome to Home Relief Bulletin Board

Monday  14 October  2019

by the Property  Team

Post No. 110

 

 

 

As part of our Autumn Letting and Rental Campaign, we are offering this week support to landlords/ladies and tenants in their tenancy relationships. 

Landlord/Lady –Tenant Relationship Support: Who is for?

This support aims at those contractual parties who have problems, those who feel they may likely experience disagreement sooner or later, and those who want to learn to avoid or solve problems between them.

What we will provide this week

To stay on track of hassle-free letting and rental and consolidate our support to landlords/ladies and tenants, we are providing a week of Healthy, Worthy and Wealthy Relationship Support starting from 14 October and ending 20 October 2019.

A healthy tenancy relationship means that landlords/ladies and tenants are connected through tenancy based on mutual respect, trust and honesty.

A wealthy tenancy relationship means that the contractual rent is paid in the manner, at the amount and at the time as specified by the terms and conditions of agreement so that the landlord/lady does not lose on their wealth.  Because the rent is paid as agreed, the landlord/lady keeps their part of the bargain; that is to manage and maintain their property accordingly so that tenants do not lose their income in paying for a property which does not provide value for their money.

A worthy tenancy relationship means that the process of dealing with tenancy matters between the two contractual parties in context of tenancy agreement suits both of them, and has merit or value as well.

So, a trouble-free letting and rental relationship is expressed by good relationships between the two contractual parties (Landlord/lady and Tenant).  This week’s support aims at alleviating some of the problems which may occur and or occurring with existing tenancies as well as finding way forward or solutions. 

Free Bespoke Rescue or Relief Packages this week!

In addition to the above support service, Landlords/ladies can access our Bespoke Rescue Package for FREE and/ or at minimal third party costs, just as Tenants can have our Bespoke Relief Package arranged for them for FREE and/or at very competitive third party costs. 

To get the makes of your Bespoke  Rescue or Relief Packages, contact Home Relief this week!  

What’s more for this week!

We are offering a 10% discount on all of our instructions to let for Landlords/ladies and of applications to rent from home seekers or prospective tenants regardless of the sizes and locations of properties. 

To build on this Autumn season’s fresh sale offer, we are as well  given away a 5 minutes EXTRA FREE of advice to let for Landlords/ladies and Help to Rent for Tenants; making altogether with our usual 15 minutes FREE 20 minutes of FREE advice and or help.

To get 20 minutes of FREE advice and or help, contact Home Relief this week!  

Need to rent or buy affordable home, work with Home Relief.

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

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

For properties to rent and let, 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 throughout 2019.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

 

 

Promoted Lets

Welcome to Home Relief Bulletin Board

Monday  07 October  2019

by the Property  Team

Post No. 109

 

 

Autumn  Campaign with Promoted Lets

 

This Autumn, we are offering Promoted Lets to the market for landlords/ladies who decide to instruct us for letting and managing their properties. 

Whether you find tenants by yourselves or through us, if you decide to involve us you can have your let promoted by Home Relief.

What is a promoted let?

Promoted Lets scheme by Home Relief is an account managed service offered to landlords/ladies that boosts the letting of their property (ies) through a multi-channel presentation.  It has some advantages which include the three main following ones:

√ Helping to raise the profile of your residential property letting and management business

√ Encouraging prospective renters and home-renting seekers to place an offer on your property

√ Boosting the earning potentials of your property portfolio

Who is eligible for a promoted let?

Any landlord/lady and home owner can be eligible for promoted lets, including beginner and seasoned prof landlords/ladies.

Even if you are only a part time landlord/lady or only have one or two properties to let, Promoted Lets can help to expand your property investment potentials should you decide to become a full time landlord/lady or a regular property-to-let investor. 

If you decide to become regular property-to-let investor, Home Relief can create an account managed service for you to help you achieve your property and investment goals and returns.

What’s more, a Promoted Let can offer you leads or help you to tap into various segments of the letting and management property market.   It provides you with qualitative and quantitative data about the local area in which your property to let or manage is located while reporting the state of rent and letting in the area.   

Finally, Promoted Lets is a Home Relief product designed to optimise your earning capacity so that you can steadily and surely grow your portfolio over the long term.

Briefly, with Promoted Lets, you get the following benefits: 

your  Let Property Online Advertised

plus a Letting Story

plus local data

plus rent report

plus Savings on Future Lettings and Management Costs

plus Assistance to Build Property Portfolio 

equal Tenants and Return on your Investment Guaranteed

To instruct Home Relief and or find more about Promoted Lets Scheme, please contact Home Relief.

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

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

For properties to rent and let, 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 throughout 2019.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

 

 

Settling in a New Home in the New Academic Year

Welcome to Home Relief Bulletin Board

Monday  30 September  2019

by the Property  Team

Post No. 108

 

 

Settling in a new home, new area and new academic year –

Property Management and Maintenance from Renters’ Perspective

 

Adapting to a new living environment (like a new home, new area and new academic year) can be easier for some new home renters.  For others, it may not be easier or it may even be frustrating.  

To manage the settling-in process as a new home renter in a new area in a new academic year, we are working together with new renters on these matters this week. 

We will be particularly looking at the all set-up that those who are newly moving in a new home as renters can match to make the process easier while they will be living there and managing their tenancy as agreed with their landlords and or managing agents.  

This is about looking at property management and maintenance from the tenants’ point of view rather than from the landlords’/ladies’ perspective. 

Property management and maintenance from tenants’ perspective

To successfully manage and maintain your new home as a new renter, it is advisable to follow the terms and conditions of the tenancy agreement and any additional agreements you have made with your managing agents and or landlords/ladies. 

There are as well areas of law that new renters need be aware as the tenancy law sometimes does change.  If the change occurs and is going to affect their rental situation, then they need to know it.  Alternatively, their managing agents and or landlords/ladies would inform them of any changes in the interest of the two contractual parties and their witnesses.

There are benefits in better managing and maintaining a property as a tenant.  Just to mention the few of them, it is useful to argue that better management and maintenance by the tenants can help…

√ To protect tenants’ deposit and any other money paid as security

√ To stop tenants from any breach of the tenancy agreement

√ To secure their reference for future tenancies

√ To prevent conflicting situations with their managing agents and landlords/ladies

√ To safeguard their credit records history

√ To protect the indoor and outdoor environment etc. 

This is so vital in the world where there is online database of bad tenants in the market.

Knowing your new home and new area

This week’s process of working together with new renters in this new academic year goes further as we are going as well to touch upon the things to be aware around your new home and new area. 

Moving in a new area means that your need know your neighbourhood and the basics about the local area.  Already when putting an offer on your property or before you move in, your letting agents or new landlord/lady would have provided you with a profile of vital statistics and key information about the area.  If not, you would have yourself done some searches online and via print resources about the area. 

It is vital to learn to know the area where you will be living, shopping on daily basis, commuting, using open space and amenities, perhaps doing your education and working there.

Again, this knowledge of your local area can help to protect you, save money, keep you safe and secure, make you be part of the locals and keep you informed and make informed decisions.

Settling in a new academic year

If you are a student or academic staff, it is also worthwhile to do some searches about what it looks like privately renting a property in a new academic year.  The home where you will be living for the entire life of your academic year can impact on your goals and outcomes if you are not properly settled.  A good settlement can positively impact your performance and state of mind and body to successfully study and or work.

Generally, many educational establishments provide information about student and staff accommodation and advisory service related to this area of educational provisioning.  In our process this week, we are only dealing with the case of those who would like to privately rent and want to understand the ins and outs so that they can make informed decisions.

Need to know more about settling-in process as a new renter in a new area in this new academic year, work with Home Relief.

Need to rent a home and or help to rent, work with Home Relief.

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

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

For properties to rent and let, 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 throughout 2019.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

 

 

Help to Rent in the New Academic Year

Welcome to Home Relief Bulletin Board

Monday  23 September  2019

by the Property  Team

Post No. 107

 

 

Help to Rent in the New Academic Year

Our campaign for home rentals and lets in the New Academic Year continues this week with Help to Rent as the main feature and part of our rental brand.  It continues because there is still some unmet demand of accommodation for certain types of home seekers.  They include the following:

• There are some home seekers (such as students, academics, families relocating to start a new school term etc.) who are still looking for accommodation;

• There are still ordinary people and families who are constantly searching for affordable locations and places to rent;

• There are those who do not earn enough to buy their own homes and who are looking for budget areas and properties to rent as well. 

For most of them, they may face a long rental journey and need some help to rent before they can effectively rent a property.

We are offering to all these prospective tenants and home seekers Help to Rent service to shorten and smooth their rental journey. 

What is Help to Rent for Home Relief?

Help to Rent is an extra service designed by Home Relief as part of its rental brand to help reduce home deprivation by working with those who are looking for affordable homes and finding it difficult because of their conditions of life, circumstances of work, employment and income status or budget limitations. 

Home renting campaign this week

This week, our home-renting campaign will include two areas of focus: raising awareness about Help to Rent support and products from Home Relief, and home-finding solutions for those who are finding it hard to rent.

1/ Raising awareness about Home Relief’s Help-to-Rent support and products

Home Relief Tenant’s Help-To-Rent support includes the following:

Rental file and profiling, Review of tenants’ social media accounts, Property searches, Applications advice, Forms filling surgeries, Reference package and profiling, Digital forms filling, Video previews of properties to let before visits, Deposit and rent in advance schemes, Building credit records history, Mediation and advocacy and Rental legislation clinics.

For further details about the contents of each these areas of support or products, contact Home Relief.

2/ Providing home-renting solutions to ordinary home seekers

Raising awareness about Home Relief’s Help-to-Rent products and knowing them is not enough unless one applies or uses this Help to Rent.

Their use is what would make a helpful difference in the lives of those ordinary people and families in need of accommodation.  Help to Rent can make rental life easier, less stressful and cost effective.

So, our feature for this week is the types of Help to Rent one can get when renting through Home Relief.

If you are looking for an affordable location and home, and need some help to rent before effectively engaging in a tenancy, why not work with Home Relief for support in your rental journey?

Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

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

For properties to rent and let, 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 throughout 2019.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

 

 

New Academic Year, Rentals & Lets

Welcome to Home Relief Bulletin Board

Monday  16 September  2019

by the Property  Team

Post No. 106

 

Affordable New Rentals and Lets for the New Academic Year!

As a new school or academic year has just started, there could be people and families still looking for home renting or letting services either as home seekers or landlords/ladies.  If you are one of them, Home Relief would like to inform you that we are the specialised people for affordable home rental and letting services.

Home Relief can find either affordable accommodation for you if you are home seekers or suitable tenants for you if you are landlords/ladies.  Home Relief can as well advise on home rental and letting matters to enable you to achieve your home goals and plans for this new academic year.

A relief property service helping ordinary people and families with ordinary means of living to help themselves

We particularly, but not exclusively, work with ordinary people and families earning ordinary incomes.  We also work with parts of the community that is virtually excluded from the mainstream property rental market. 

We seriously take social goals and deprivation issues in the area of housing.  Our property service is designed to satisfy our customers’ and clients’ demands; to meet landlords’ requirements and to relieve home seekers’ needs. 

A home service for peace of mind and secure financial return

Our home service benefits home owners and landlords/ladies who are looking for peace of mind and security in letting their properties.  We provide them with suitable renters and ensure that they receive a good and reliable return on their investment over the long term period.  We provide all-round residential property services (from letting to maintenance) and take on our books any size of properties (ranging from a single room to large houses), tenures and leases.

A home service that suits home seekers’ needs and budgets 

We provide to home seekers and renters with the types of accommodation service that suits their needs and budgets.  Our relief service will not only provide them with a home to live, but will also help them to help themselves in effectively running the other aspects of their life such as…

finding occupational opportunities, meeting educational needs for families with children, actively integrating into local life, finding local childcare services, improving their access to local healthcare and other amenities etc.

Need a home or a tenant this September or at the start of the new academic year, why not work with Home Relief?

 

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

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

For properties to rent and let, 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 throughout 2019.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

 

 

Home-buying and -owning Processes and Products

Welcome to Home Relief Bulletin Board

Monday  09 September  2019

by the Property  Team

Post No. 105

 

 

 

 

 

Bringing Home-Buying and -Owning Processes and Products for Low Income Earners under the same Roof

Our Summer campaign with prospective home buyers and owners from low income earning backgrounds continues this week. 

This week is a soft landing one with this campaign as we are bringing together the five pieces of our home-buying and owning campaign into the same pot.  These five pieces include: home-buying options, funding, finding a home to buy and own, help to buy and the costs of buying and owning a home.  The five pieces are parts of the same box, which is home-buying and owning process.  They are more or less linked between them. 

For example: if you choose shared ownership as a home-buying scheme, there are implications for your choice.  As a low income earner, you may consider funding fit for this scheme on the market.  You probably need to find a property subject to shared ownership and explore the help to buy linked this home-buying product; and finally you may be required to budget the costs associated with the method of buying and owning a home.  Clearly, there are relationships between these five pieces of home-buying and owning process.

~ Outcomes for this week’s home buying and owing campaign

This week is about going in depth regarding the above relationships with the aim of achieving the following outcomes:

√ Clarifying your home buying options

√ Matching your chosen key option with a specific funding scheme

√ Finding a real or virtual home to buy meeting your selected option

√ Identifying the help to buy related to your option

√ Costing your chosen home buying and owning option 

 

The overall idea is to make a soft landing by keeping all the five pieces together in the decision making and delivering processes.  In doing so, you can stay in control of these processes from the beginning to the end.

~ Highlights and inclusions in the week’s campaign

Highlights and inclusions in the week’s campaign are budget before home-buying and budget after home-buying processes.  We will look at what to include and what not include in these two budgets.  We will as well consider the dilemma the economy is facing, a dilemma of exit or non-exit.  We will finally provide additional resources (print and online) related to these processes.

Need to know more about home-buying and owning process and gain a foothold on the housing ladder as a low income earner, why not work with Home Relief for information, guidance and advice?

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

 

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

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

For properties to rent and let, 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 throughout 2019.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

 

 

Home-buying and -owning Costs

Welcome to Home Relief Bulletin Board

Monday  02 September  2019

by the Property  Team

Post No. 104

 

Costs of Buying and Owning a Home

This week’s area of focus of Home Relief Summer home-buying campaign for low income earners is on the costs of both buying and owning a home.

Just like renting, buying and owning a home involve costs and expenses.  Whether you are high or middle or even low income earners, you still have to deal with them.  The sooner you are aware of them, the better you could plan ahead your home-buying journey. 

These costs can vary depending on many factors and players who may involve in the purchase of your property.  These factors and players can include the government legislation, property seller’s agents, conveyancing firms, local authorities, mortgage brokers, home lenders, your own personal circumstances, the price of the property to buy and so on.

~ Key items in the costs of buying and owning a home

The key items in the costs of buying and owning a home that we are considering as part of this week’s campaign include the following.

A) For the costs of buying a home, the following key items would be considered:

Stamp duty, survey, conveyancing, mortgage arrangement, valuation, estate agents, removals and life insurance

B) For the costs of owning a home, the following key items would be taken into account:

Utilities (water, gas and electricity), council tax, buildings and contents insurance, ground rent, service charge, residents’ parking, maintenance and building work, television, broadband, cable and telephone

~ Key outcomes for this week’s campaign

The main aim of this week’s campaign is to protect prospective home buyers and owners in making informed decision and saving money.  This can be done by factoring in these costs in the home-buying and owing budgets and plans.

At the end of this week’s process of costing home-buying and –owning items, we hope that prospective home buyers and owners would be able to achieve the following outcomes:

√ Better financial planning of the costs of buying and owning a home

√ Development of a budget to buy and own a home

√ Acquiring tools for monitoring and evaluating the home-buying and owning processes

√ Gaining techniques to manage risks associated with home-buying and owning processes (in particular with outgoing payments linked to both processes)

√ Being in control of the home-buying and owning processes at all stages

√ Getting further online and print resources and support on home-buying and owning a home

Need to know more about costs of buying and owning a home, or help to buy and own a home as a low income earner, why not work with Home Relief for information, guidance and advice?

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

 

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

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

For properties to rent and let, 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 throughout 2019.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

 

 

Help to Buy

Welcome to Home Relief Bulletin Board

Monday  26 August  2019

by the Property  Team

Post No. 103

 

 

Help Low Income Earners and Buyers Need

In the three last series of our Summer property buying campaign, we covered home buying, funding and choosing options.  This week, we are working on the help to buy that low income earners as home buyers need.

Because low income earners are by definition the types of home buyers who do not have enough money to buy a property outright, we are going to work with them on a customised basis on the types of help to buy available for them.

What help to buy low income earners need

Generally, the notion of help to buy is centred on the UK Government-backed schemes.  By definition, Help to Buy is a government scheme which can help first time home buyers get a property with just a 5% deposit. 

Besides this well known scheme, we are going to explore other available support to buy a home for low income earners.

What this week’s work will include

There are many online and print resources available covering Help to Buy, how to qualify and its different options; resources which can be easily accessed. 

For those who are struggling to understand how help to buy works, we will work together with them so that they can understand eligibility criteria and how help to buy works. 

We will also support them to find out their local help to buy agent and to apply the help to buy scheme.

What are the outcomes from this week’s work?

We hope that at the end of this week’s process, prospective home buyers will

√ Become self-confident in putting an application for a help to buy scheme

√ Be informed on what to expect and not to expect from help to buy schemes

√ Be aware on the likely amount eligible from these home-buying schemes

√ Improve the chance and the content of their help to buy files to become eligible

√ Save time in not applying to a scheme that is not suitable or eligible for them

√ Be provided with additional print and digital resources regarding help to buy schemes for low income earners etc.

Need help to buy a home as a low income earner, why not work with 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.

 

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

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

For properties to rent and let, 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 throughout 2019.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

 

 

Finding a Property to Buy

Welcome to Home Relief Bulletin Board

Monday  19 August  2019

by the Property  Team

Post No. 102

 

 

 

The next area of our Summer property campaign 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 resort for you.  There are other alternatives as well, like those properties in the new build market.

Developing your property-to-buy choice

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 four 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).

√ The current shape or state of the housing market with the particularity of the dilemma of exiting or non exiting UK economy

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 work with 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 buying options for them.

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

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

For properties to rent and let, 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 throughout 2019.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes

 

 

Property Funding Options

Welcome to Home Relief Bulletin Board

Monday  12 August  2019

by the Property  Team

Post No. 101

 

 

 

Funding Options for Low Income Earners and Property Buyers

How to buy a house while being on low income

 

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, especially in difficult times of economic stagnation.  

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.  

Some of these products are part of the Government-mandated programmes to help low-income earners to break into homeownership.  These are Government schemes which include Help to Buy, Right to Buy/Right to Acquire, Shared ownership, People with disabilities, Older people, Shared equity schemes and Starter Home scheme

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.  Other considerations will be also included such as home buying eligibility criteria, ways of keeping home buyer’s debt-to-income ratio low, of saving down payment to buy a home while renting, etc.

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. 

If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.

For more information about our property service to home buyers and tenants, please go to https://homerelief.co/tenants/

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

For properties to rent and let, 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 throughout 2019.

Many thanks!

Home Relief – freelance e-property people dealing with affordable homes