{"id":105625,"date":"2019-03-31T14:59:11","date_gmt":"2019-03-31T07:59:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-caught-in-a-crippling-ground-rent-trap\/"},"modified":"2019-03-31T15:03:38","modified_gmt":"2019-03-31T08:03:38","slug":"homeowners-caught-in-a-crippling-ground-rent-trap","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-caught-in-a-crippling-ground-rent-trap\/","title":{"rendered":"Homeowners caught in a crippling ground rent trap"},"content":{"rendered":"


\nA clause in their lease doubled the bill every 15 years, meaning mortgage lenders steered clearSahar Nejabati planned to sell her flat before she got married in order to buy somewhere more spacious to raise a family: but buyers would not touch it because of a clause in the lease under which the ground rent doubled every 15 years.Mortgage lenders steer clear of homes with onerous ground rent clauses, so it can be difficult for sellers to find a buyer or remortgage. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Homeowners caught in a crippling ground rent trap<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A clause in their lease doubled the bill every 15 years, meaning mortgage lenders steered...<\/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-105625","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-rtD","jetpack-related-posts":[{"id":61828,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/you-feel-ripped-off-homeowners-frustration-over-ground-rent-trap\/","url_meta":{"origin":105625,"position":0},"title":"'You feel ripped off': homeowners' frustration over ground rent trap","date":"July 26, 2017","format":false,"excerpt":"\r People on Bolton estate say they were not told ground rent would double every 10 years, and they cannot sell their homesTaking the weight off her feet for the first time in hours, Clair Scott falls back into a neighbour\u2019s sofa and lets out a deep sigh. \u201cIt\u2019s by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128809,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thousands-more-homeowners-in-uk-to-be-refunded-for-doubling-ground-rents\/","url_meta":{"origin":105625,"position":1},"title":"Thousands more homeowners in UK to be refunded for doubling ground rents","date":"August 24, 2022","format":false,"excerpt":"\r Competition watchdog cracks down on \u2018unfair\u2019 leasehold terms that trapped people in properties they could not sellThousands more homeowners who paid a doubled ground rent on their property will get a refund after the competition watchdog cracked down on \u201cunfair\u201d leasehold practices.More than 5,000 households in the UK will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31250,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beware-the-small-print-that-could-hike-one-bed-flats-ground-rent-to-8m-a-year\/","url_meta":{"origin":105625,"position":2},"title":"Beware the small print that could hike one-bed flat\u2019s ground rent to \u00a38m-a-year","date":"October 22, 2016","format":false,"excerpt":"\r At first the bill for a \u00a358,000 leasehold flat was \u00a3250 \u2026 then \u00a38,000. But the nightmare\u2019s just beginningYou\u2019ve just bought your first flat, and were told by your solicitor that the ground rent is \u00a3250 a year. So, on moving in, you are staggered to be presented with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148107,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/our-flats-rising-ground-rent-is-going-to-ruin-our-move\/","url_meta":{"origin":105625,"position":3},"title":"Our flat\u2019s rising ground rent is going to ruin our move","date":"November 12, 2024","format":false,"excerpt":"\r Our buyer\u2019s lender has pulled out because the charge rises with the property\u2019s rising value. Now the delay risks collapsing the whole chainWe found a buyer for our leasehold flat, but on the day of exchange their lender declined to offer a mortgage, despite having previously agreed in principle.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94197,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/radical-plans-to-end-huge-costs-of-buying-a-freehold-unveiled\/","url_meta":{"origin":105625,"position":4},"title":"Radical plans to end huge costs of buying a freehold unveiled","date":"July 19, 2018","format":false,"excerpt":"\r Law Commission draws up options enabling leaseholders to extend or buy more cheaply Millions of homeowners caught in the so-called \u201cleasehold trap\u201d may be able to buy their freeholds at a fraction of the price currently demanded by ground rent companies, under radical proposals from the Law Commission.One proposal\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54631,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/taylor-wimpey-compensation-offer-is-pr-con-claim-victims-of-leasehold-scandal\/","url_meta":{"origin":105625,"position":5},"title":"Taylor Wimpey compensation offer is PR con, claim victims of leasehold scandal","date":"May 13, 2017","format":false,"excerpt":"\r Some homeowners believe they will still be left in the clutches of ground rent companies and have to pay excessive chargesTaylor Wimpey last month offered \u00a3130m to buyers trapped in new-build homes with spiralling ground rent contracts. It was a move initially greeted with glee by victims of the\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\/105625"}],"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=105625"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105625\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}