Home Search Salford > Consider Your Future


Performing a home search in Salford is a great decision for you to be making. Because Salford has now evolved into a vibrant place to live and work in - due to years of inward investment to this area.

So if you're currently doing a home search in Salford and looking at your housing options, then you're possibly looking for a place to rent?

Or maybe you're looking to buy in the area instead?

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These 2 options - RENTING or BUYING - are the only 2 choices you have available - RIGHT?

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Well actually that's NOT RIGHT at all - because there are other options available. Some of which are better known than others.

And one which quite frankly - is a bit of a secret - that hardly anyone knows exists.

Yet it will enable you to buy a house right now without needing a mortgage straight away...

​it will enable you to buy a house right now without needing a mortgage straight away...

So please take a read of this post to ensure you're fully informed of ALL THE OPTIONS that ​are key to securing your future...

​Salford Housing Options

home search salford

Let's get going right away and give you ​some information about housing options that are available to you in Salford.

Because it's very important that you have all the facts BEFORE you begin your home search.

We'll be including something called Rent to Buy in the private sector (second-hand houses to you and me).

And telling you all about how you can combine renting AND buying THE SAME property.

​you can combine renting AND buying THE SAME property.

And this is the secret that is suitable for so many people.

Yet hardly anyone has really heard about it - UNTIL NOW.

Because in this post we're ​giving you information about this little known opportunity for YOU to get onto the property ladder.

And you don't even need a mortgage to get going...

​Home Search Salford

Firstly here's a list of options available to YOU in your Salford Home Search.

Let's see where they fit into your home search strategy.

  1. Council Housing / Housing Association Housing
  2. Salford Home Search - Private Rentals
  3. Buying a house
  4. Rent to Buy in the Private Sector
  5. Government Rent to Buy schemes

As you can see there's more than 2 options above.

Options 1) 2) and 3) are indeed Renting and Buying - no surprises there.

But there's also option 4) which enables people to Rent and then Buy the same private sector property.

And it's this option 4 that is the closely guarded secret.

And there's also option 5) which takes advantage of government initiatives to help people onto the housing ladder.

​1) Council Housing / Housing Associations

Renting a house in the public sector used to be as simple as contacting your local council and putting your name down for a council house.

However these days there's far fewer council houses available. And there's very strict qualifying criteria to get one - and BIG waiting lists.

Housing Associations have filled some of the gaps in Council House demand. And these Housing Association properties now form a significant part of the social housing needs of Salford - and indeed the rest of the UK.

There are many fantastic organisations to fulfill your home search for social housing in Salford. So take a look at Salford City Council as a first port of call.

2) Salford Home Search - Private Landlords

These days it's a lot more common to rent a property from a private landlord than to expect to get a council house or housing association property.

That's because past UK governments adopted a very "landlord friendly*" housing policy and encouraged private individuals to buy and then rent out their properties via Buy To Let using Assured Shorthold Tenancy agreements which started in 1997.

You can find private rental properties in a variety of places including Letting Agents / Gumtree / Facebook / Local newspapers.

And some private landlords actually "license" their properties to Housing Associations to increase the number of social housing properties available.

Unfortunately renting from a private landlord can never be viewed as "secure". That's because a landlord only ever has to give you 2 months notice to evict you and get their house back legally.

a landlord only ever has to give you 2 months notice to evict you and get their house back legally.

And you've actually pre-agreed to this when you signed the Assured Shorthold Tenancy agreement.

* IMPORTANT POINT - The UK Government is now reversing its "landlord friendly" approach and strongly discouraging Buy To Let by taxing landlords heavily with something called "clause 24".

SO WHAT you may be thinking?

Well the effect of all this extra tax on landlords means that many landlords are now selling their Buy to Let properties in a bit of a panic.

And all this extra supply of Buy to Let properties brings HUGE opportunities for YOU within the Rent to Buy market in the Private Sector.

3) Salford Home Search - Buying a House

As well as renting a house, buying a house forms the second most obvious option for you to ​consider. In which case you'll be doing the rounds of Rightmove and Zoopla and visiting estate agents for inspiration and house details.

And you may even be doing some viewings to get an idea of the sort of house and area that you'd like to live in.

However if you're someone who does indeed want to buy a property - but can't do so for a few years - then Rent to Buy in the Private Sector may be something for you to consider right now.

Salford Home Search - ​Rent to Buy

home search salford

4) Rent to Buy in the Private Sector

Rent to Buy in the private sector covers the HUGE second-hand housing market. This differs from government Rent to Buy schemes (covered later) which only offer new-build properties.

This second-hand housing market covers the TENS OF THOUSANDS of properties being advertised for rent and for sale at any one time on websites like Rightmove and Zoopla.

So it also covers the Buy to Let properties we mentioned earlier that landlords are currently looking to offload. Which is very good news for you to get involved with Rent to Buy right now 🙂

Who is Rent to Buy in the private Sector suitable for?

Rent to Buy is suitable for people who are looking to rent right now, but who are ultimately wanting to buy a house in a few years time.

Rent to Buy enables a person to RENT a house now and then BUY the same house in say 3 - 5 years time with a mortgage.

​Rent to Buy enables a person to RENT a house now and then BUY the same house in say 3 - 5 years time with a mortgage.

This suits 2 types of people:

  1. Those saving up their full deposit for a mortgage
  2. Those who can't get a mortgage right now, but who can do in a few years time

In case you're wondering "who the heck is this aimed at" I'll give you 3 real-world examples now of people and situations that this works brilliantly for:

3 real world situations for Rent to Buy

  1. Sarah and Harry are renting right now and saving up their mortgage deposit. They hope to buy a place once they've saved all their deposit and estimate this will take around 5 years of saving. However they see Salford house prices rising and this means the amount needed for their deposit is always increasing.
  2. John has recently started his own plumbing business in Salford, but can't get a mortgage right now due to a lack of accounting history. However John can get a mortgage in say 3 - 5 years time once his business has become established. John rents a place and believes that renting is his ONLY option.
  3. Working couple Paula and Dave rent a house together, but would like to buy one day. Paula is training to be a midwife and right now their combined salaries aren't high enough to get a mortgage. But once Paula has qualified in 3 years time, with a higher salary, they will be able to get a mortgage.
  4. And there are many more situations that Rent to Buy works for all covered in the FREE RENT TO BUY TRAINING COURSE.

​The purchase price is fixed

For the 3 examples above the advantage of Renting and then Buying THE SAME property (Rent to Buy) is that house price rises won't affect ​your ability to buy. Because with Rent to Buy the purchase price is FIXED at the outset.

Where as when you rent a property whilst saving up to buy a DIFFERENT property you're always at the mercy of the housing market where a PRICE BOOM can wipe out your ability to ever actually buy.

So would you prefer to have CERTAINTY with Rent to Buy?

Or ​are you OK with UNCERTAINTY ​in the "normal route" of renting and then buying a different house?

​would you prefer to have CERTAINTY with Rent to Buy? Or ​are you ​OK with UNCERTAINTY ​in the "normal route"

You can learn everything you ever wanted to know about Rent to Buy by taking the FREE RENT TO BUY TRAINING COURSE.

5) Government Rent to Buy schemes

The government Rent to Buy scheme is designed to ease the transition from renting to buying a home by providing reduced rent.

With Rent to Buy, you rent a newly built home at approximately 20% below the market rate for up to five years. During that time, you have the option to buy the property. Or you could buy part of the property under a Shared Ownership scheme. When you get to the end of the time period, you either have to buy part of the property or move out.

  1. 20% reduction of rent
  2. New build and very recent second hand only
  3. You must have a household income of under £60,000
  4. You must have a relatively good credit rating
  5. Eligibility – Only first time buyers or those returning to housing market following a relationship breakdown
  6. If you decide to purchase the home it will be at the CURRENT MARKET VALUE at the time of buying. Not at the price of the house when you started the initial tenancy. So if there's a HOUSE PRICE BOOM you could struggle to buy.

​Salford Home Search - Conclusion

home search salford

There are a number of options to consider when looking for a place to live. And the option that suits you best at any given time can be dependant on the stage your life is currently at.

The 2 main options that people are very familiar with are Renting and Buying. And these are indeed the "normal" options.

And in a lot of cases these are the ​only ​options that people ​ever ​consider. Because they wrongly believe these are "​THE ​ONLY OPTIONS AVAILABLE"

However the fuller list of options looks something like this:

  1. Council Housing / Housing Association Housing
  2. Salford Home Search - Private Rentals
  3. Buying a house
  4. Rent to Buy in the Private Sector
  5. Government Rent to Buy schemes

You've read about Rent to Buy in the Private Sector and how this can FUTURE PROOF your ability to buy. Because you can LOCK IN the price you'll buy at whilst initially renting.

So this means that property BOOMS won't affect you. So you can save for your future mortgage on a level playing field.

And there's TENS OF THOUSANDS of possible properties available covering the HUGE second hand house market.

You've also read about Government Rent to Buy schemes where you get a subsidised rent until you buy. However these only cover new builds, there's limited availability, strict eligibility and your future purchase price ISN'T FIXED.

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So we believe that Rent to Buy in the private sector can give you a way into the property market - even though you can't get a mortgage right now.

And this can free you from a lifetime of renting - where the rent payments quite simply never end.

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​If you'd like to find out more please take the FREE RENT TO BUY TRAINING COURSE.

Many thanks for reading this post

Phil

roperty redress scheme logo rent to buy website
information commissioner's office logo rent to buy website
Phil Calladine
 

"Hi there - I'm Phil Calladine - living in Lymm, Cheshire, UK. My wife Karen and I have a wealth of property knowledge - and we're sharing it all with you - here on this website"

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