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.
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.
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.
Discover 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 your 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 and potential buyer’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.
We will be discussing other relevant matters such as the ban of leaseholds on all new-build homes, zero ground rents on new leases, unfair leasehold practices, etc.
Information, guidance and advice will be given to those who will 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.
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.
Holiday Rentals: What you need to be aware before renting
Our Summer campaign on short-term rentals is still on as we are working on Holiday Rentals this week. We will be working with renters on what they need to know before agreeing to a holiday rental.
Our work with them will cover the following areas:
• Types of holiday accommodation
• Areas of holiday accommodation
• Sizes of holiday accommodation
• Renting as a group or an individual or even a family
• Costs of holiday accommodation (including rent inclusive or exclusive of bills)
• Methods of payment including payments in advance, reservations and bookings
• Holiday accommodation as a package or part of travel package
• Basic safety to check for their protection (e.g. safety of the buildings and contents as well as buildings, contents and public liability insurances for holiday accommodation)
• How and where to find affordable holiday accommodation
• Holiday rental process (from finding a place to rental completion to getting the keys)
The above matters to be covered will be indicative only as renters may have their specific demands and needs, in which case we shall try to customise the session on their request.
This week’s activity will additionally provide some resources (both print and online) on holiday rentals, as well as some leads to holiday accommodation advisory services or providers.
Those who are looking for holiday accommodation for themselves or a third party can register their needs of holiday rentals.
To register your need of holiday accommodation or for somebody else, just phone or email or complete our online form on this site.
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.
Holiday Lets: What you need to know before you start
Our Summer campaign on short-term lets will focus this week on Holiday Letting. We will be dealing with what landlords/ladies need to know before embarking on holiday letting.
Areas of interest for this week’s campaign will cover the following for holiday let landlords:
• Permission to proceed to a holiday letting including legal restriction and prevention from holiday lets for landlords/ladies
• Holiday letting as a one-off (or occasional) income generation or a business venture
• Lender’s consent on a residential mortgaged property for holiday letting
• Safety regulations related to buildings and contents for letting purposes
• Tax matters for holiday letting
• Buildings, contents and public liability insurances for holiday letting
• How and where to find holiday renters
• Holiday letting process (from finding holiday renters to letting completion)
The above matters to be covered will be indicative only as landlords/ladies will be directed or signposted to relevant people or organisations dealing with them.
This week’s activity will additionally provide an opportunity for landlords/ladies to have some resources (both print and online) on holiday lettings, as well as some leads to legal advice on the matter.
Landlords/ladies can take the opportunity of this week’s activity to list their spare holiday or short-term properties (that is rooms, studios, flats and houses) to rent on Home Relief.
To list your spare holiday property, just phone or email or complete our online form on this site
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.
Discover Summer Short-term Lets and Rentals with Home Relief!
Our Summer campaigns for both landlords/ladies and home seekers continue this week. We deal with both long- and short-term lets and rentals. However, for this week our focus is on short-term lets and rentals, that is any letting agreement that lasts less than six months or a few weeks or even one night.
• Short-term landlords/ladies
Home owners and landlords/ladies don’t keep your property vacant over this Summer. Home Relief can work for you and make sure that your property brings some 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. Our short-term lets cover temporary lodgers and holiday lets. This is whether the letting is landlord/lady resident or non resident.
You can list your spare short-term properties (that is rooms, studios, flats and houses) to rent via Home Relief.
To list your spare property, just phone or email or complete our online form on this site
• Short-term renters
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?
In our short-term rentals, we include temporary lodgers, holiday makers, travellers and other short-term prospective renters looking for affordable properties.
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 holiday maker 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 related to utilities (gas, electricity and water), television, internet etc.
You can register your short-term rental needs with Home Relief.
To register your rental need, just phone or email or complete our online form on this site.
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.
Generally, we get used to have both landlords/ladies and tenants agreeing a tenancy (an assured shorthold one) for six or twelve months with the possibility to renew it if both contractual parties agree the extension or rolling terms. Yet, there is another possibility whereby the two parties can agree from the onset to a longer term tenancy period for at least 2 years but less than 7 years.
For various reasons, these parties did not often like to take the option of long term tenancy model. However, since sometimes we have noticed that there are home seekers who are looking for a stable and long term rental, while the landlords/ladies are also searching for a long term security of the letting in the form of longer term tenancy to avoid void periods.
Despite this long term move, there are still landlords/ladies and home seekers who are hesitant to take the long term tenancy option. In order to deal with the situation whereby they are willing to adopt the option but are hesitant, we will be working with them on this matter.
Our work with them will be about finding ways of securing a longer term tenancy while making it attractive for both parties in matching their needs over the agreeable period.
Through this week’s work, landlords/ladies will have an opportunity to find out ways of accommodating longer term tenants’ needs, the kinds of comfort they may need to provide to attract them, the approach to tenants’ sensible requests, and of avoiding back-to-back rentals over years.
On their part, tenants signing for a long term tenancy will be able to plan the future. They can plan spaces and organise better themselves in their new homes as they have more time to live there. This enables them as well to avoid back-to-back rentals over years. They can better learn how to enter and maintain a longer term tenancy.
This week activity will goes further in providing and sharing resources (online and in print) with both landlords/ladies and home seekers in terms of advantages and disadvantages in embracing the longer term tenancy model. This will help them to make an informed decision.
If you are a landlord/lady or a tenant contemplating to enter a longer term tenancy and have no clues, Home Relief can work with you to set up this kind of tenancy and explain the terms and implications of entering such a contract.
Need a longer term tenancy period, please do not hesitate to 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.
How to close your rental accounts as an outgoing tenant
This week, as part of Summer Help to Rent, we are working with home seekers and outgoing tenants on the best possible way of closing their end-of-tenancy or 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, tenants may or may not get help to close their rental accounts at the end of the tenancy. There are resources on how a tenant can terminate their tenancy. These resources mostly cover the legal side of the contract in matters such as notice to vacate.
In this week’s Help to Rent, we are going to deal with the financial side of terminating or closing a contract from the tenants’ perspective. If you have already been a tenant and you have experience on closing your rental accounts; that is fine.
However, if you do not have experience in doing it, this could be a new area of learning. Some tenants can easily handle their rental accounts from the opening to the closure, while others may find it difficult, especially in the rental environment where there is constant change. That is why we are organising this activity.
For those who have not been in this process before and those who are finding it hard to close their rental accounts, we are working this week to support them in this area of rental accounting responsibility.
In this respect, working together with them to close th e rental accounts they first set up at the start of their contract will include the following activities:
√ Listing all the rental accounts that made their tenancy period
√ Identification of rental payments related to utility and telecoms suppliers, community charge (council tax), TV licence etc.
√ Tracking of rental expenses including rent payments
√ Close all the balances on these accounts
√ Checking if there are in credits (someone else owes you) or in debits (you owe someone else)
√ Verifying if there are any missing outstanding amounts or debts from you part
√ Dealing with rental accounts online and offline
√ Finding out any accounting and financial mistakes done in handling your accounts
√ Reviewing rental budget including money puts aside for potential repairs
√ Looking at any evidence in the form of receipts, bills, invoices, financial statements, videos, text messages, guides and tools that helped tenants to effectively and efficiently manage their rental accounts, etc
There are benefits for properly closing your rental accounts, benefits which include:
√ Reduction and avoidance of potential conflicts with your landlord/lady or their agents
√ Saving money with companies supplying services to your next rental
√ Protection for your deposit
√ Safeguarding your reference and credentials
√ Keeping secure your credit scores and check file and profile
√ Avoiding frictional and confrontational moving out
√ Above enjoying a hassle-free tenancy closure and peace of mind, etc
Need help to close your rental accounts, contact Home Relief this week.
Need to check about rental accounts already set up, contact Home Relief this week.
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.
How to make Home Seekers’ Summer Property Rental Plans Work
This week’s Summer campaign aims at relieving housing needs by working with home seekers and renters to help them achieve their summer renting plans and goals. This renters’ campaign is complementary to the Lettings campaign we relaunched last week for landlords/ladies and home owners.
Looking for a good quality affordable accommodation (GQAA) over and after summer holidays
Home Relief can help you to find a GQAA within your budget means and earning capacity or potentials during this time. Our rental service will work with you to match your budget constraints and earning potentials with properties available and to be available on the market. Being on low income does not stop you to gain a GQAA from Home Relief if your other non-monetary references are good enough or outstanding to quality for a property.
Looking to choose your next home from the widest selection of properties as possible as you can
Home Relief can search for you all ranges of properties from single rooms to full houses. Whether you are looking for a room or a bedsit or a self-contained studio or a flat or a house; Home Relief can offer you a choice to meet your summer accommodation needs and goals. The more properties we search and you view, the best chance you have to find and choose your target property.
Looking for accommodation service where all suitable home seekers are considered and accepted
If you are wondering whether your application for accommodation would be considered or not because of your circumstances, Home Relief considers and accepts all suitable applicants. Whether you are claiming universal credit or housing benefit or partly working and partly claiming benefit or on low wages; Home Relief would consider your rental application.
Looking for a moving-in and settling-in process that is painless as possible as one can
Home Relief’s approach to renting properties is to provide home seekers and renters with hassle-free service and secure accommodation to all of them. We provide information and guidance on moving services and advice on settlement in a new home. We can signpost you as well to moving home and settlement services.
What’s more!
Where the landlord/lady does not require home seekers paying rental deposits upfront or has agreed to a zero deposit option, Home Relief will still able to secure a GQAA for you.
Whether it is about dealing with the suitability of your application or providing you with a good quality affordable accommodation or giving you a choice to make or helping you to smoothly move and settle; Home Relief can work with you to meet your rental summer plans and goals.
Planning to move out and rent a property over this Summer, Home Relief can work with you to find a suitable property for you.
To register your needs and fill a vacancy, call or email Home Relief NOW!
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.
HOME RELIEF HAS NOW STARTED TAKING SUMMER HOLIDAY INSTRUCTIONS!
Giving Landlords/ladies More Time To Enjoy And Relax Over Their Summer Holiday And Season!
Home Relief can help you achieve your Summer property letting and management plans and goals, and start the next Autumn season on a positive note regarding the return on your property investment.
• GET YOUR PROPERTY RENTED before you take your Summer Break!
If you are a landlord/lady and having problems or just don’t have time to let out your property before you take your Summer Break or during the Summer Holidays, Home Relief can help. You can appoint or instruct us to do it on your behalf.
• GET IT FULLY MANAGED before you take your Summer Break!
If you think that you have other better things to do or priorities before and during the Summer Holiday and or in the near future than managing your property by yourself, don’t worry! Home Relief can do it for you.
• GET IT MAINTAINED before you take your Summer Break!
The last thing any landlord/lady would like to hear is this. While they are having their long waiting holidays with relatives and or friends (having their preferred drink, meal and chat in their dream location at home or away), tenants try to contact them to deal with some property maintenance issues.
If there is any reason you can’t maintain it by yourself, Home Relief can take care of your property while you are having your dream holidays and or Summer recess.
• GET IT FINANCIALLY MANAGED before you take your Summer Break!
If you are busier than managing the finances linked to your rented or managed property (e.g. chasing your tenants for rent over the Summer time, monitoring rent payment into your bank account), then Home Relief can organise online or digital payment of your rent, arrange this to be paid into your bank account, collect your rent and financially administer it as well as other financial aspects related to your property.
• APPOINT HOME RELIEF TO ACT AS YOUR SUMMER CONTACT before you take your Summer Break!
If you are contemplating to be abroad or away for a little while during the Summer time or even just somewhere away from your property, and you don’t want to leave your tenants without any third party contact, why not instruct Home Relief to act as your holidays contact should there be any problem or an emergency. Home Relief can fully act on your behalf while you are away.
Whether it is about Letting Only, Property Management and Maintenance, Rent Collection and Administration or just a Property Contact/Liaison, you can instruct Home Relief to do so for all these matters.
By taking the decision to appoint us in this way, this will enable you to have a relaxing, hassle-free, peaceful and less costly Summer Holidays and season with your property rental business.
JUST INSTRUCT US NOW FOR A HOLIDAY PEACE OF MIND AND SECURITY OF YOUR INVESTMENT!
WE ARE READY TO TAKE YOUR SUMMER LETTING AND MANAGEMENT INSTRUCTIONS. Just contact Home Relief for your Holidays Lettings and Management.
Wishing you a good preparation for your Summer Lettings and Management plans!
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.
