{"id":34950,"date":"2016-11-19T14:00:01","date_gmt":"2016-11-19T07:00:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-build-ground-rent-scandal-could-spark-legal-battles\/"},"modified":"2016-11-19T14:06:35","modified_gmt":"2016-11-19T07:06:35","slug":"new-build-ground-rent-scandal-could-spark-legal-battles","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-build-ground-rent-scandal-could-spark-legal-battles\/","title":{"rendered":"New-build ground rent scandal could spark legal battles"},"content":{"rendered":"


\nWith thousands of homebuyers caught out by rapidly rising rents, the solicitors they used may face claims of professional negligenceSolicitors who failed to warn of soaring ground rents on leasehold properties face a wave of claims for professional negligence, following Guardian Money revelations on a scandal that has engulfed thousands of unwitting homebuyers.Many have been unaware that the ground rent on new-build leasehold properties they have bought can escalate dramatically in future years following the introduction of new clauses in which it doubles every decade. Although most housebuilders have switched to a new formula of increases based on RPI, some people are finding that the new-build home they bought as recently as 2010 is virtually unsaleable. Continue reading…
\n
\nSource : theguardian.com
\nRead more…New-build ground rent scandal could spark legal battles<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With thousands of homebuyers caught out by rapidly rising rents, the solicitors they used may...<\/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-34950","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\/p75ss1-95I","jetpack-related-posts":[{"id":61796,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/victims-of-ground-rent-scandal-demand-action-on-existing-abuses\/","url_meta":{"origin":34950,"position":0},"title":"Victims of ground rent scandal demand action on existing abuses","date":"July 26, 2017","format":false,"excerpt":"\r As government plans to ban leaseholds on new-build houses, there are claims up to 100,000 people own \u2018unsellable\u2019 propertiesVictims of the ground rents scandal are demanding ministers go further in tackling unfair abuses of the leasehold system, amid claims that as many as 100,000 existing homeowners remain trapped in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-promises-to-stamp-out-abuses-of-new-build-ground-rent-scandal\/","url_meta":{"origin":34950,"position":1},"title":"Government promises to stamp out abuses of new-build ground rent scandal","date":"November 29, 2016","format":false,"excerpt":"\r Sajid Javid pledges to \u2018do more\u2019 as Guardian campaign reveals that some buyers of new-build homes face ground rents which double every 10 yearsThe government has promised to \u201cstamp out\u201d abuses highlighted in a Guardian campaign that revealed how some buyers of new-build homes have been left with virtually\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53920,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-cheers-nationwide-for-bloodying-housebuilder-noses\/","url_meta":{"origin":34950,"position":2},"title":"Three cheers Nationwide for bloodying housebuilder noses","date":"May 6, 2017","format":false,"excerpt":"\r The building society has made a surprise intervention into the leasehold flats and houses scandal, making hundreds of new-build properties unsaleableOvernight, Nationwide building society has made hundreds, and possibly thousands, of new-build flats and houses almost unsaleable \u2013 and they should be roundly applauded for doing so.In a surprise\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63022,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/breakthrough-in-leasehold-scandal-as-countryside-buys-back-freeholds\/","url_meta":{"origin":34950,"position":3},"title":"Breakthrough in leasehold scandal as Countryside buys back freeholds","date":"August 7, 2017","format":false,"excerpt":"\r Property developer to take freeholds back from E&J Estates and release homeowners from clauses that double ground rent every 10 yearsHopes of a breakthrough for householders trapped in the leasehold scandal are rising after a major developer agreed to buy back some freeholds and axe controversial ground rent clauses.Countryside\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122019,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thousands-of-leaseholders-freed-from-doubling-of-ground-rents\/","url_meta":{"origin":34950,"position":4},"title":"Thousands of leaseholders freed from doubling of ground rents","date":"September 15, 2021","format":false,"excerpt":"\r Countryside Properties to remove such terms from contracts after CMA investigationThousands of people who bought leasehold homes from the housing developer Countryside Properties will be freed from costly contract terms, following an investigation by the Competition and Markets Authority.The watchdog has been looking into the practice by Countryside and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61784,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leasehold-houses-and-the-ground-rent-scandal-all-you-need-to-know\/","url_meta":{"origin":34950,"position":5},"title":"Leasehold houses and the ground rent scandal: all you need to know","date":"July 25, 2017","format":false,"excerpt":"\r Campaigners say 100,000 homebuyers in England are trapped in developer contracts with spiralling costs \u2013 how did this happen?Britain has had leasehold homes for hundreds of years, but only in the past few months has the ground rent scandal exploded. Now the government is proposing a complete ban on\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\/34950"}],"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=34950"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/34950\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=34950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=34950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=34950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}