{"id":50966,"date":"2017-04-05T13:01:13","date_gmt":"2017-04-05T06:01:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/leasehold-nightmare-will-cost-homebuyers-billions-report-warns\/"},"modified":"2017-04-05T13:22:47","modified_gmt":"2017-04-05T06:22:47","slug":"leasehold-nightmare-will-cost-homebuyers-billions-report-warns","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leasehold-nightmare-will-cost-homebuyers-billions-report-warns\/","title":{"rendered":"Leasehold 'nightmare' will cost homebuyers billions, report warns"},"content":{"rendered":"


\nLandlords will cash in as resurgence of leaseholds traps buyers in properties with rocketing ground rents, say campaignersThe worsening \u201cnightmare\u201d of the leasehold system in England and Wales is holding millions of homebuyers hostage to exorbitant bills, according to a report by campaign group HomeOwners Alliance, which estimates that landlords are in line to pocket \u00a34bn from lease extensions.Leasehold, once seen as a dying relic of the Victorian property market, has returned with a vengeance since the 1990s, according to the report. In 1996 just 22% of new builds in the UK were sold as leasehold, but this has doubled to 43% today. In London, nine out of 10 new builds are now leasehold. Continue reading…
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\nSource : theguardian.com
\nRead more…Leasehold ‘nightmare’ will cost homebuyers billions, report warns<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Landlords will cash in as resurgence of leaseholds traps buyers in properties with rocketing ground...<\/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-50966","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-dg2","jetpack-related-posts":[{"id":51144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tax-relief-cut-doesnt-add-up-for-landlords-plus-bank-warns-over-consumer-credit\/","url_meta":{"origin":50966,"position":0},"title":"Tax relief cut doesn\u2019t add up for landlords, plus Bank warns over consumer credit","date":"April 6, 2017","format":false,"excerpt":"\r Also, benefit cuts hit grieving families, leasehold \u2018nightmare\u2019 costs homebuyers, and house sale undermined by Network Rail and knotweed Hello and welcome to this week\u2019s Money Talks \u2013 a roundup of the week\u2019s biggest stories and some things you may have missed. Continue reading...\r \r Source : theguardian.com\r Read\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107984,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watchdog-investigates-leasehold-trap-for-uk-homebuyers\/","url_meta":{"origin":50966,"position":1},"title":"Watchdog investigates 'leasehold trap' for UK homebuyers","date":"June 11, 2019","format":false,"excerpt":"\r Competition and Markets Authority to look at mis-selling and potentially unfair contractsUK homeowners at risk of falling into the so-called \u201cleasehold trap\u201d could benefit from a new official investigation into potential misleading practices and unfair terms.The Competition and Markets Authority (CMA) said its inquiry into the leasehold market \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62184,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/victory-new-build-leaseholds-banned-but-what-of-those-already-trapped\/","url_meta":{"origin":50966,"position":2},"title":"Victory! New-build leaseholds banned \u2026 but what of those already trapped?","date":"July 29, 2017","format":false,"excerpt":"\r The government has proposed a total ban on new-build leasehold houses, but existing homebuyers say they remain trapped, forced to pay large fees. We report on the latest twists in the growing scandalMany leasehold homeowners face being charged hundreds of pounds just to obtain permission to switch to a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94813,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leasehold-prisoners-press-government-for-release\/","url_meta":{"origin":50966,"position":3},"title":"Leasehold prisoners press government for release","date":"July 27, 2018","format":false,"excerpt":"\r Homebuyers unwittingly signed contracts that doubled their ground rent every 10 years\r \r Source : ft.com\r Read more...Leasehold prisoners press government for release","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":50966,"position":4},"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":[]},{"id":54927,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leasehold-is-biggest-problem-for-uk-homeowners-study-finds\/","url_meta":{"origin":50966,"position":5},"title":"Leasehold is biggest problem for UK homeowners, study finds","date":"May 16, 2017","format":false,"excerpt":"\r \u2018Money-grabbing scheme\u2019 traps many new buyers with spiralling ground rents, says HomeOwners AllianceLeasehold has become the number one concern for homeowners in the UK, according to a new study, after it emerged that many new homebuyers have been trapped by spiralling ground rents.The annual survey of property owners by\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\/50966"}],"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=50966"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/50966\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=50966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=50966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=50966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}