{"id":140159,"date":"2023-11-05T02:00:03","date_gmt":"2023-11-04T19:00:03","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lets-abolish-leasehold-an-antiquated-and-unfair-system-observer-editorial\/"},"modified":"2023-11-05T02:38:14","modified_gmt":"2023-11-04T19:38:14","slug":"lets-abolish-leasehold-an-antiquated-and-unfair-system-observer-editorial","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lets-abolish-leasehold-an-antiquated-and-unfair-system-observer-editorial\/","title":{"rendered":"Let\u2019s abolish leasehold, an antiquated and unfair system | Observer editorial"},"content":{"rendered":"


\nIt\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 in 2018, and as \u201cfeudal\u201d and \u201carchaic\u201d this year by Michael Gove, the housing secretary, and Matthew Pennycook, Labour\u2019s housing spokesperson.Under the leasehold system in England and Wales, owners of properties, in particular flats, do not purchase their homes outright, but buy the right to live in their home for the remainder of time left on their lease. They are a tenant of their landlord, the freeholder, who retains ownership of the land on which the property is built. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Let\u2019s abolish leasehold, an antiquated and unfair system | Observer editorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s simply a money-making scam that allows landowners to exploit those who have bought their...<\/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-140159","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-AsD","jetpack-related-posts":[{"id":136602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plans-to-abolish-feudal-leasehold-system-in-england-and-wales-dropped\/","url_meta":{"origin":140159,"position":0},"title":"Plans to abolish \u2018feudal\u2019 leasehold system in England and Wales dropped","date":"May 11, 2023","format":false,"excerpt":"\r Row between Michael Gove and No 10 results in end of promise to scrap leaseholdsWhat is leasehold, and are there any alternatives?Plans to abolish the \u201cfeudal\u201d system of leaseholds across England and Wales have been dropped after a battle between Downing Street and Michael Gove.Gove, the housing secretary, will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149684,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/centuries-old-leasehold-system-to-be-abolished-in-england-and-wales\/","url_meta":{"origin":140159,"position":1},"title":"Centuries-old leasehold system to be abolished in England and Wales","date":"March 3, 2025","format":false,"excerpt":"\r Exclusive: Housing minister says overhaul of feudal-era system would take place before end of this parliamentThe housing minister has promised to abolish the centuries-old leasehold system in England and Wales before the end of this parliament, as the government takes the next steps towards an outright ban on new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149800,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-two-tier-housing-market-will-be-the-result-of-labours-half-baked-leasehold-reform-plans-harry-scoffin\/","url_meta":{"origin":140159,"position":2},"title":"A two-tier housing market will be the result of Labour\u2019s half-baked leasehold reform plans | Harry Scoffin","date":"March 13, 2025","format":false,"excerpt":"\r The current system in England and Wales is iniquitous, but the answer isn\u2019t to divide flats into shiny new-builds v leasehold debt trapsThe leasehold system in England and Wales has needed tearing down since the medieval era. It locks homeowners, especially those in flats, into an exploitative, serf-like relationship\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142798,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/anti-leasehold-bill-contains-loopholes-for-developers-say-campaigners\/","url_meta":{"origin":140159,"position":3},"title":"Anti-leasehold bill contains loopholes for developers, say campaigners","date":"February 27, 2024","format":false,"excerpt":"\r Clauses in Michael Gove\u2019s bill include exemptions for properties in a retirement village or on land where a lease has already been grantedMichael Gove\u2019s signature bill to stop developers selling new houses as leasehold properties contains loopholes that will allow them to continue doing so in certain circumstances, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112394,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leasehold-interest-in-warehouse-building-for-sale\/","url_meta":{"origin":140159,"position":4},"title":"Leasehold interest in warehouse building for sale","date":"November 16, 2019","format":false,"excerpt":"\r The leasehold interest in the land and building housing one of the Hawke's Bay's biggest recreational boating supplies stores is on the market for sale.Much of the property at 60-64 Thames Street in the Napier suburb of Pandora...\r \r Source : nzherald.co.nz\/Property\r Read more...Leasehold interest in warehouse building for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148234,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leasehold-reforms-face-more-delay-due-to-tory-flaws-minister-says\/","url_meta":{"origin":140159,"position":5},"title":"Leasehold reforms face more delay due to Tory flaws, minister says","date":"November 22, 2024","format":false,"excerpt":"\r Matthew Pennycook says Labour must close loopholes in changes to rules in England and Wales passed by GoveLong-awaited reforms to the leasehold system in England and Wales have been delayed for several months due to \u201cflaws\u201d in legislation passed by the previous Conservative government, the housing minister has said.Matthew\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\/140159"}],"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=140159"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140159\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=140159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=140159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=140159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}