{"id":14686,"date":"2016-05-28T12:59:26","date_gmt":"2016-05-28T05:59:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/when-sky-high-repair-bills-can-make-right-to-buy-the-wrong-choice\/"},"modified":"2016-05-28T13:09:51","modified_gmt":"2016-05-28T06:09:51","slug":"when-sky-high-repair-bills-can-make-right-to-buy-the-wrong-choice","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/when-sky-high-repair-bills-can-make-right-to-buy-the-wrong-choice\/","title":{"rendered":"When sky-high repair bills can make right to buy the wrong choice"},"content":{"rendered":"


\nFormer local authority tenants who bought their properties for as little as \u00a344,000 are facing demands of up to \u00a350,000, which they can\u2019t afford to payCouncil tenants thinking of taking up the right to buy their home have been warned they could end up being virtually bankrupt by eye-watering major works bills from their local authority freeholder. The issue affects people who have bought former council flats on the open market, as well as right to buy owners.Take, for example, the plight of 50 leaseholders in Oxford. In January, in the latest twist in an eight-year saga, Oxford city council presented them with a \u00a350,000 bill for refurbishment of their tower block. Not \u00a350,000 between them, but \u00a350,000 each. Continue reading…
\n
\nSource : theguardian.com
\nRead more…When sky-high repair bills can make right to buy the wrong choice<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Former local authority tenants who bought their properties for as little as \u00a344,000 are facing...<\/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-14686","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\/p75ss1-3OS","jetpack-related-posts":[{"id":9032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/only-one-in-10-homes-sold-under-right-to-buy-are-replaced-in-england\/","url_meta":{"origin":14686,"position":0},"title":"Only one in 10 homes sold under right to buy are replaced in England","date":"March 24, 2016","format":false,"excerpt":"\r DCLG says almost 50,000 properties have been bought by tenants since scheme was extended, but less than 5,000 were started or acquired by councilsLocal authorities in England have replaced just one in 10 of the homes sold through right to buy since discounts were increased in 2012.Government figures show\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4520,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-first-time-buyers-spend-more-than-50000-on-rent\/","url_meta":{"origin":14686,"position":1},"title":"UK first-time buyers 'spend more than \u00a350,000 on rent'","date":"February 12, 2016","format":false,"excerpt":"\r Arla report reveals that those buying their first home in 2016 will have paid an average of \u00a352,900 in rent People who buy their first home in England in 2016 will have spent more than \u00a350,000 on rent since moving out of their family home, a report by letting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3500-rental-tenants-purchased-first-home-since-2013\/","url_meta":{"origin":14686,"position":2},"title":"3,500 rental tenants purchased first home since 2013","date":"February 11, 2019","format":false,"excerpt":"\r These rental flat tenants were able to buy their new homes with the help of HDB housing grants. About 3,500 rental flat tenants bought their first home in the Build-to-Order (BTO) or Sale of Balance Flats (SBF) exercises since 2013, of which some 2,000 have moved into their new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114127,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leaseholders-facing-staggering-bills-for-ex-council-flats\/","url_meta":{"origin":14686,"position":3},"title":"Leaseholders facing 'staggering' bills for ex-council flats","date":"February 8, 2020","format":false,"excerpt":"\r Right-to-buy owners are up in arms after being charged \u00a324k for a new communal heating systemThe risk of buying ex-local authority property has been laid bare by a leaseholder who claims she has had to pay more than \u00a324,000 for a new heating system and \u00a32,000 to have her\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62310,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-of-ex-local-authority-homes-face-horror-of-bills-running-into-thousands\/","url_meta":{"origin":14686,"position":4},"title":"Owners of ex-local authority homes face horror of bills running into thousands","date":"July 31, 2017","format":false,"excerpt":"\r Leaseholders find themselves caught up in council drives to improve the condition of their housing stock, often at great costWhen Cat Whitehouse and her partner James Wooldridge bought their ex-local authority flat on the Roupell Park estate in Lambeth four years ago, they were told there were no major\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135821,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bidding-wars-inside-the-super-charged-fight-for-rental-properties\/","url_meta":{"origin":14686,"position":5},"title":"Bidding wars: inside the super-charged fight for rental properties","date":"April 8, 2023","format":false,"excerpt":"\r Facing high demand and low supply, there is often only 48 hours to strike a deal. With some hopefuls paying \u00a350,000 upfront to secure a homeThe cost of renting in London and many other parts of the country has soared over the past year, with a lack of available\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\/14686"}],"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=14686"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14686\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=14686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=14686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=14686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}