Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

In the last few years, the UK mortgage lending rules have been tightened up. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but gone and even buy to let mortgages have become far more difficult to obtain. Most people think that getting a mortgage from the bank is the only way to finance a property purchase, but this is not true. There are many more creative strategies for raising finance to buy or control property which can liberate you from the monopoly of the banks. In any case, using the standard method of saving for a deposit and then applying for a mortgage in order to buy an investment property has its obvious limitations. The main problem with this method is that you soon run out of deposits. Many investors using this method have run out of cash and hit a brick wall before they could buy enough properties to enable them to quit their jobs and be financially free. Experts have been able to discover proven ways to secure, co