{"id":149758,"date":"2025-03-09T15:00:49","date_gmt":"2025-03-09T08:00:49","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-housing-associations-accused-of-mis-selling-affordable-homes-as-service-charges-soar-by-up-to-400\/"},"modified":"2025-03-09T15:56:27","modified_gmt":"2025-03-09T08:56:27","slug":"uk-housing-associations-accused-of-mis-selling-affordable-homes-as-service-charges-soar-by-up-to-400","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-housing-associations-accused-of-mis-selling-affordable-homes-as-service-charges-soar-by-up-to-400\/","title":{"rendered":"UK housing associations accused of mis-selling \u2018affordable\u2019 homes as service charges soar by up to 400%"},"content":{"rendered":"


\nBuyers 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 examined by the Observer reveal how buyers who may be struggling financially are enticed to buy shared ownership homes with estimated monthly service charges as low as \u00a3120. Residents accuse housing associations of failing to accurately reflect the likely cost, which in some cases has risen to more than \u00a3650 a month. Continue reading…
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\nSource : theguardian.com
\nRead more…UK housing associations accused of mis-selling \u2018affordable\u2019 homes as service charges soar by up to 400%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Buyers say they were misled over likely rise in costs after they moved in, which...<\/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-149758","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-CXs","jetpack-related-posts":[{"id":112498,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/legal-general-to-build-3000-affordable-homes-per-year\/","url_meta":{"origin":149758,"position":0},"title":"Legal & General to build 3,000 affordable homes per year","date":"November 20, 2019","format":false,"excerpt":"\r UK insurer agrees tie-up with 14 housing associations in attempt to ease property crisisThe UK insurer Legal & General has teamed up with 14 housing associations to build 3,000 affordable homes annually, as official figures show a 22% rise in the number of affordable homes delivered in England in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146745,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/social-housing-rents-to-rise-as-part-of-uk-push-to-build-affordable-homes\/","url_meta":{"origin":149758,"position":1},"title":"Social housing rents to rise as part of UK push to build affordable homes","date":"August 21, 2024","format":false,"excerpt":"\r Rachel Reeves works on plan for 10-year formula to give councils and housing associations certaintySocial housing rents will rise by more than inflation over the next decade as part of UK government plans to boost affordable housebuilding and shore up the finances of struggling landlords.The chancellor, Rachel Reeves, is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149674,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residents-trapped-with-service-charges-of-up-to-8000-a-year-threaten-legal-action-against-government\/","url_meta":{"origin":149758,"position":2},"title":"Residents trapped with service charges of up to \u00a38,000 a year threaten legal action against government","date":"March 1, 2025","format":false,"excerpt":"\r Owners 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52979,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-not-perverse-of-housing-associations-to-build-homes-david-orr\/","url_meta":{"origin":149758,"position":3},"title":"It's not perverse of housing associations to build homes | David Orr","date":"April 26, 2017","format":false,"excerpt":"\r We\u2019d all love more public money going into genuinely affordable rented homes, but that\u2019s not going to happen. We have found our own way forwardSteve Hilditch has been an articulate and informed writer on housing issues for a long time. What he says is usually thoughtful and worth listening\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52710,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-associations-have-lost-their-way-steve-hilditch\/","url_meta":{"origin":149758,"position":4},"title":"Housing associations have lost their way | Steve Hilditch","date":"April 24, 2017","format":false,"excerpt":"\r Too many housing associations have focused on being developers. They have lost sight of their mission to provide good homes at genuinely affordable pricesI recently spoke at a large meeting, organised by Westminster North MP Karen Buck, of angry tenants and shared owners from a housing association. They fumed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39657,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-offers-7bn-affordable-homes-fund-to-housing-providers\/","url_meta":{"origin":149758,"position":5},"title":"Government offers \u00a37bn affordable homes fund to housing providers","date":"January 5, 2017","format":false,"excerpt":"\r Scheme described as \u2018dramatic expansion\u2019 of housing programme in England but sum is compiled from previous announcementsHousing providers can apply for a share of a \u00a37bn fund to increase the supply of affordable homes, the government has announced.As of 5 January, housing associations, local authorities and private developers in\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\/149758"}],"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=149758"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/149758\/revisions"}],"predecessor-version":[{"id":149759,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/149758\/revisions\/149759"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=149758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=149758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=149758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}