{"id":117934,"date":"2020-07-23T19:29:03","date_gmt":"2020-07-23T12:29:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/englands-leasehold-system-is-crumbling-freeholders-fightback-will-be-nasty-patrick-collinson\/"},"modified":"2020-07-23T20:06:24","modified_gmt":"2020-07-23T13:06:24","slug":"englands-leasehold-system-is-crumbling-freeholders-fightback-will-be-nasty-patrick-collinson","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/englands-leasehold-system-is-crumbling-freeholders-fightback-will-be-nasty-patrick-collinson\/","title":{"rendered":"England\u2019s leasehold system is crumbling. Freeholders' fightback will be nasty | Patrick Collinson"},"content":{"rendered":"


\nThere was good news this week for 4.3 million homeowners. But it\u2019s not time to celebrate yetA report by the Law Commission published this week should have made uplifting reading for the 4.3 million homeowners in England and Wales trapped in our feudal leasehold system. It appeared to (finally) spell the end to many of the gruesome practices that have left people in despair, such as ludicrously expensive lease extensions, spiralling ground rents and absurd service charges. But there are billions of pounds at stake here \u2013 money that flows to rich freeholders, many of them aristocratic families or companies in the British Virgin Islands, for doing virtually nothing. And they will find one loophole after the next to hold on to their unearned wealth.First, let\u2019s look at the good news. The Law Commission was asked last year by the government to find solutions to the leasehold crisis. Its initial report, in January, set out reforms to the \u201cenfranchisement\u201d process. That\u2019s where you either want to buy the freehold, or extend the, say, 75-year lease on your flat back up to 99 years. Continue reading…
\n
\nSource : theguardian.com
\nRead more…England\u2019s leasehold system is crumbling. Freeholders’ fightback will be nasty | Patrick Collinson<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There was good news this week for 4.3 million homeowners. But it\u2019s not time to...<\/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-117934","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-uGa","jetpack-related-posts":[{"id":141376,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freeholders-living-off-rentier-structure-with-exorbitant-ground-rent-mps-say\/","url_meta":{"origin":117934,"position":0},"title":"Freeholders living off \u2018rentier structure\u2019 with \u2018exorbitant\u2019 ground rent, MPs say","date":"January 19, 2024","format":false,"excerpt":"\r MPs questioned freeholder groups in committee hearing over leasehold reform billMPs have laid into freeholders for creating a \u201crentier structure\u201d in England and Wales in recent years, charging \u201cexorbitant\u201d ground rents of \u00a38,000 a year in some cases, as a freeholder group pushed back against proposed changes to leasehold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leasehold-law-proposals-condemned-as-window-dressing\/","url_meta":{"origin":117934,"position":1},"title":"Leasehold law proposals condemned as 'window dressing'","date":"September 20, 2018","format":false,"excerpt":"\r National Leasehold Campaign says proposals to help homeowners buy or extend leases do not go far enough A proposal to allow homeowners to buy or extend their lease more cheaply has been described as \u201cwindow dressing\u201d by the National Leasehold Campaign group.There are 4.2m leasehold properties in England, around\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leasehold-ban-proposed-for-sale-of-new-houses\/","url_meta":{"origin":117934,"position":2},"title":"Leasehold ban proposed for sale of new houses","date":"July 25, 2017","format":false,"excerpt":"\r Drive to check fast-rising ground rents and high fees charged by freeholders\r \r Source : ft.com\r Read more...Leasehold ban proposed for sale of new houses","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107521,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-want-to-extend-the-lease-on-my-flat-but-the-freeholders-wont-help\/","url_meta":{"origin":117934,"position":3},"title":"I want to extend the lease on my flat, but the freeholders won't help","date":"May 27, 2019","format":false,"excerpt":"\r The person who owns 60% of the freehold would be uncooperative as we had a disputeQ I live in a Victorian house that has been converted into five flats. I bought my flat several years ago and own 20% of the freehold. The lease on my flat is now\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113509,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leasehold-reform-plans-branded-nothing-more-than-tinkering\/","url_meta":{"origin":117934,"position":4},"title":"Leasehold reform plans branded 'nothing more than tinkering'","date":"January 9, 2020","format":false,"excerpt":"\r Law Commission aims to make it cheaper for leaseholders to buy freehold or extend lease The Law Commission has set out a range of proposals which it said will make it cheaper for Britain\u2019s four million leaseholders to buy their freehold or extend their lease. However, the reforms were\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62180,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-have-to-end-the-horror-of-this-feudal-leasehold-system\/","url_meta":{"origin":117934,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117934"}],"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=117934"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117934\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}