Report Released by Rick Otton Reveals Alternatives to UK Property Market Shambles

Report Released by Rick Otton Reveals Alternatives to UK Property Market Shambles

A new free report by property investing expert, Rick Otton, has identified some innovative solutions for people looking at UK property investing in what is acknowledged to be a very difficult market.

It has been reported that because of falling property prices, almost 4 million UK home owners are in a state of negative equity -- their properties are worth less than their mortgages.

The National Housing Federation (NHF) reports that in 2007 the average home buyer in England paid almost £217,000 for a home. Current estimates suggest that it will not be until 2014 that prices will recover enough to see them in a situation where their properties will be worth more than they paid.

Otton believes that following conventional bank/deposit/mortgage traditions, home owners and investors are putting themselves at a massive disadvantage.

"For too long we have been told by the big end of town that the only way to buy a home is to work hard, save, and use up our life savings as a deposit," explained Mr Otton.

"And then we are made to jump through endless hoops before we are deemed acceptable to borrow their money. Those with no credit history, or who are self-employed, are really challenged when looking to borrow to buy a home," he said.