Creative Property Strategies By Reena Malra, The UKâ€™s Leading Authority on Creative Property Strategies including Property Lease Options, Instalment Contracts and Short Stops....
Property lease options can alleviate the risk of eviction or repossession for London households In London the risk of eviction is double the national average. There are currently thousands of families falling behind on their mortgage or rent repayments in London. Shelter has reported that from September 2011 to September 2012, nearly 200,000 households in England were threatened with eviction, with 71% being made on behalf of landlords. This means that one in every 115 households are at risk of becoming homeless from eviction or repossession. This is a result of rising rents and the impossibly high costs of getting onto the housing ladder due to the large deposits required.
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Property lease options can alleviate the risk of eviction or repossession for London households As a landlord I often find tenants miss rent payments due to change of circumstances e.g. redundancy, relationship break ups and changes in London Housing Allowance. This of course has been exacerbated in recent years by the ongoing economic downturn and the affect that has had on the lives of ordinary people. Rather than issuing them with eviction notice, I work with them to find out how we can sort the problem out and in majority of the cases, we can come to mutual agreement, which saves a lot of time, effort and pain for both the tenant and the landlord. This can be a property lease option or instalment contract, which can offer a lifeline to homeowners facing repossession, reluctant landlords and first time buyers unable to get their foot onto the property ladder. As a landlord, eviction is also a last resort as it is a very costly affair which can drag on for months before the property is empty and in some cases the disgruntled tenant will trash the place before they leave. This causes more problems for the landlord who has to spend money putting the house right again when more than likely there have been voids during the tenancy which will continue after eviction until a new tenant is found.
Property lease options can alleviate the risk of eviction or repossession for I also work closely with landlords who find themselves in mortgage arrears due to rental voids and are threatened by repossession. I legally take over their mortgages and pay on their behalf until it is sold by using strategies such as lease options and delayed completions. These creative strategies are well known and established solutions to relieve some of this turmoil. This helps the landlord from the repercussions of getting repossessed which in turn negatively effects their credit rating. If you want to look further at delayed completions, long stops, or instalment contracts and see how you can fit any of these into your property investment strategy contact Reena via email at email@example.com
Property lease option expert Reena Malra specialises in helping people get into property via non traditional methods such as property lease option, instalment options and various other strategies that work for both the seller and buyer. She has mentored hundreds of property investors, empowering investors to structure profitable property portfolios. She offers a range of creative deals that you may not even be aware of. If you would like to discuss property lease options as an investment strategy, give Reena a call on 0203 397 7030 or visit Reenaâ€™s Blog site at
Published on Jan 21, 2013
In London the risk of eviction is double the national average. There are currently thousands of families falling behind on their mortgage or...