{"id":149674,"date":"2025-03-01T23:59:03","date_gmt":"2025-03-01T16:59:03","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residents-trapped-with-service-charges-of-up-to-8000-a-year-threaten-legal-action-against-government\/"},"modified":"2025-03-02T09:48:50","modified_gmt":"2025-03-02T02:48:50","slug":"residents-trapped-with-service-charges-of-up-to-8000-a-year-threaten-legal-action-against-government","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residents-trapped-with-service-charges-of-up-to-8000-a-year-threaten-legal-action-against-government\/","title":{"rendered":"Residents trapped with service charges of up to \u00a38,000 a year threaten legal action against government"},"content":{"rendered":"


\nOwners of homes marketed by housing associations as \u2018affordable\u2019 are planning a challenge as service costs spiral\u2022 \u2018There is no way I can pay\u2019: residents despair of steep costs and \u2018poor door\u2019Residents trapped in properties marketed as \u201caffordable\u201d are planning legal action against the government after being hit with service charges of up to \u00a38,000 a year.Shared-ownership homes are designed to allow people to get on the property ladder, with residents taking a mortgage on a share and paying subsidised rent on the rest. However, there are also service charges, which can initially be \u00a3250 to \u00a3350 a month. Once sold, some residents discover these charges can rise to \u00a3600 a month or more. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Residents trapped with service charges of up to \u00a38,000 a year threaten legal action against government<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Owners of homes marketed by housing associations as \u2018affordable\u2019 are planning a challenge as service...<\/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-149674","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-CW6","jetpack-related-posts":[{"id":147134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/affordable-shared-ownership-homes-cost-residents-more-than-half-their-wages\/","url_meta":{"origin":149674,"position":0},"title":"\u2018Affordable\u2019 shared-ownership homes cost residents more than half their wages","date":"September 22, 2024","format":false,"excerpt":"\r Many people now feel trapped despite major provider\u2019s guidance that mortgage, rent and service charges should not exceed 40% of take-home payResidents who bought shared-ownership properties promoted as \u201caffordable homes\u201d say they now feel trapped because they have to spend more than half of their net salaries on mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149758,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-housing-associations-accused-of-mis-selling-affordable-homes-as-service-charges-soar-by-up-to-400\/","url_meta":{"origin":149674,"position":1},"title":"UK housing associations accused of mis-selling \u2018affordable\u2019 homes as service charges soar by up to 400%","date":"March 9, 2025","format":false,"excerpt":"\r Buyers say they were misled over likely rise in costs after they moved in, which are now \u2018ruining people\u2019s lives\u2019Housing associations are facing allegations of mis-selling so-called \u201caffordable\u201d homes, with service charges that have soared, in some cases by more than 400%, after residents moved in.Marketing and property documents\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148564,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cladding-mould-75000-charges-welcome-to-life-in-a-british-leasehold-flat\/","url_meta":{"origin":149674,"position":2},"title":"Cladding, mould, \u00a375,000 charges \u2013 welcome to life in a British leasehold flat","date":"December 22, 2024","format":false,"excerpt":"\r Residents of a blighted London block have been trapped in their homes by a swirl of events, as government attempts to reform the law drag onFor many of the residents of Mar House, the past year has been spent in perpetual twilight.The seven-\u00adstorey block in Colindale, north London, is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143262,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/outrage-as-residents-in-englands-affordable-housing-forced-to-pay-thousands-of-pounds-extra-in-service-charge\/","url_meta":{"origin":149674,"position":3},"title":"Outrage as residents in England\u2019s \u2018affordable\u2019 housing forced to pay thousands of pounds extra in service charge","date":"March 30, 2024","format":false,"excerpt":"\r Pressure on Michael Gove to act as householders see bills rise 40%, with many saying that they cannot afford to paySome of the UK\u2019s largest housing providers have dramatically increased annual service charges by thousands of pounds, plunging residents into financial crisis, an Observer investigation has found.Many residents who\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143264,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/were-being-ripped-off-englands-affordable-housing-residents-who-are-being-priced-out-of-their-own-homes\/","url_meta":{"origin":149674,"position":4},"title":"\u2018We\u2019re being ripped off\u2019: England\u2019s \u2018affordable-housing\u2019 residents who are being priced out of their own homes","date":"March 30, 2024","format":false,"excerpt":"\r Service charges for shared-ownership houses have rocketed, leaving many unable to pay. We hear their storiesWhen the construction company Lendlease first promoted the regeneration of Elephant and Castle in south London, it promised a host of benefits for the local community.It said the area would gain more than 3,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/were-trapped-by-the-cladding-scandal-and-cant-find-a-way-out\/","url_meta":{"origin":149674,"position":5},"title":"We\u2019re trapped by the cladding scandal and can\u2019t find a way out","date":"April 12, 2023","format":false,"excerpt":"\r We urgently need to sell, but our block is exempt from the government schemeI am one of many residents caught up in the cladding scandal in the wake of the Grenfell Tower tragedy. I share ownership of my flat with housing association L&Q, which took nearly four years to\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\/149674"}],"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=149674"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/149674\/revisions"}],"predecessor-version":[{"id":149675,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/149674\/revisions\/149675"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=149674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=149674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=149674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}