Negative equity solution for homeowners

KENSINGTON, London (news.wooeb ) January 18, 2013 - According to the Council of Mortgage Lenders (CML) the problem of negative equity currently affecting hundreds thousands of homeowners has improved over the last twelve months.

The CML reported that the number of homeowners whose outstanding mortgage is larger than the value of their property has fallen by 13%. The number fell by 100,000 to 719,000 even though house prices have fallen moderately. This means that property owners have been paying off their mortgages faster than the prices have fallen, which is great news for many homeowners.

In some areas prices have risen, helping to improve the situation for many even though the national trend is for prices to have fallen. This is particularly the case in London and the South East.

Reena Malra has discovered and developed strategies to take the focus off the property price and put it on the flexible and convenient payment terms. This is how Reena can structure transactions where the Buyer and the Seller both get what they really want by establishing their circumstances, motivation and needs. She has mentored 100's of investors and specialises in property lease options, instalment contracts and rent to buy. She says:

"Statistics such as these seem to change quite dramatically month to month and area to area.

"There will always be pockets around the country that are suffering from extreme negative equity therefore unable to sell as well as areas where this situation has slightly eased. Typically positive statistics like these are skewed by a small proportion of properties typically found in London and driven by direct foreign investment.

"New builds bought in and around 2007 are suffering with steep negative equity with very little chance of recovering in the near future.

"Negative equity homeowners can choose to stay put in the hope of seeing it through until the market corrects itself and property prices start to rise.

"Alternatively, these homeowners can offer an opportunity to first time buyers who are unable to get on the property ladder today as they may not meet requirements such as large deposit of perfect credit. This requires a property lease option on your property, which can be a win/win situation for all those involved. Homeowners no longer have to worry about being in negative equity, and paying a mortgage they can no longer afford and first time buyers can finally get their foot on the property ladder.

"I help by finding such buyers and matching them negative equity homeowners to create a win/win."

Notes to Editors

Reena Malra has mentored 100's of investors, both novice and experienced. Her techniques are empowering new and seasoned investors to successfully structure profitable property lease options, instalment contracts and other creative deals from start through to finish. She has been interviewed several times on Sky TV as a guest speaker giving expert advice on property lease options and instalment contract, and has also featured in "Property Investment News" magazine explaining the pros and cons of doing creative strategies.

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