{"id":102726,"date":"2019-01-06T15:00:07","date_gmt":"2019-01-06T08:00:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/leasehold-dilemma-extend-a-lease-now-or-wait-for-a-better-deal\/"},"modified":"2019-01-06T15:03:44","modified_gmt":"2019-01-06T08:03:44","slug":"leasehold-dilemma-extend-a-lease-now-or-wait-for-a-better-deal","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leasehold-dilemma-extend-a-lease-now-or-wait-for-a-better-deal\/","title":{"rendered":"Leasehold dilemma: extend a lease now or wait for a better deal?"},"content":{"rendered":"


\nAs a government consultation continues, it\u2019s a crucial and costly issue facing the owners of flats and housesAmong the myriad of decisions homebuyers and owners have to contend with is leasehold. The number of years left on a lease is crucial when it comes to remortgaging or selling your home, and any potential buyer will struggle to be accepted for a mortgage once the unexpired lease term falls below 70 years. As the government consultation on leasehold homes continues, the issue of extending a lease has become one of the central topics.The \u201cenfranchisement\u201d process covers both extending a lease and buying the freehold to your home \u2013 individually if it\u2019s a house, or collectively in a block of flats. The Law Commission has already put forward proposals to provide a better deal. It wants to see the process become cheaper and easier. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Leasehold dilemma: extend a lease now or wait for a better deal?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As a government consultation continues, it\u2019s a crucial and costly issue facing the owners of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102726","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qIS","jetpack-related-posts":[{"id":62180,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-have-to-end-the-horror-of-this-feudal-leasehold-system\/","url_meta":{"origin":102726,"position":0},"title":"We have to end the horror of this feudal leasehold system","date":"July 29, 2017","format":false,"excerpt":"\r We could publish horror stories every week \u2013 and not just on doubling ground rentsThe entire parasitic structure of leasehold in England and Wales is, finally, beginning to wobble \u2013 and with a bit more prodding we could see it crash. The long campaign led by Sebastian O\u2019Kelly at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140159,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lets-abolish-leasehold-an-antiquated-and-unfair-system-observer-editorial\/","url_meta":{"origin":102726,"position":1},"title":"Let\u2019s abolish leasehold, an antiquated and unfair system | Observer editorial","date":"November 5, 2023","format":false,"excerpt":"\r It\u2019s simply a money-making scam that allows landowners to exploit those who have bought their own homes\u2018This system is not business, it is blackmail,\u201d Lloyd George said of leasehold in 1909. More recently, it has been described by Rishi Sunak as \u201ca scam\u201d when he was a junior minister\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129182,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/want-to-turn-your-leasehold-into-an-airbnb-it-may-be-against-the-rules\/","url_meta":{"origin":102726,"position":2},"title":"Want to turn your leasehold into an Airbnb? It may be against the rules","date":"August 29, 2022","format":false,"excerpt":"\r Owners planning to rent out their home short term may not realise it\u2019s breaking the terms of their leaseWhen Anthony Dunkley travelled to Margate in Kent earlier this year, he wanted to buy a property to stay in occasionally and rent out on Airbnb the rest of the time.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80778,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-of-worst-leasehold-abuse-block-sold-for-180000\/","url_meta":{"origin":102726,"position":3},"title":"Freehold of 'worst leasehold abuse' block sold for \u00a3180,000","date":"February 23, 2018","format":false,"excerpt":"\r Anonymous buyer picks up right to collect soaring ground rents on Blythe Court flats from freeholder MPs described as crookThe freehold to a block of flats in Birmingham regarded as the worst example of leasehold abuse in the country has been snapped up by an anonymous buyer for \u00a3180,000.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-is-leasehold-and-are-there-any-alternatives\/","url_meta":{"origin":102726,"position":4},"title":"What is leasehold, and are there any alternatives?","date":"May 11, 2023","format":false,"excerpt":"\r Cladding crisis highlighted issues as leaseholders ask government to facilitate commonhold systemPlans to abolish \u2018feudal\u2019 leasehold system in England and Wales dropped Given that they have paid large sums for their homes, leaseholders might be surprised to find that they are in a landlord and tenant relationship with the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":141392,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tell-us-have-you-experienced-issues-with-extending-leases-or-high-ground-rents\/","url_meta":{"origin":102726,"position":5},"title":"Tell us: have you experienced issues with extending leases or high ground rents?","date":"January 19, 2024","format":false,"excerpt":"\r We would like to hear from people in England and Wales who have had issues trying to extend their leases \u2013 and those experiencing exorbitant ground rentsThe government\u2019s leasehold reform bill, which aims to make it easier and cheaper for leaseholders in houses and flats in England and Wales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102726"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102726"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102726\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}