{"id":53920,"date":"2017-05-06T13:00:56","date_gmt":"2017-05-06T06:00:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-cheers-nationwide-for-bloodying-housebuilder-noses\/"},"modified":"2017-05-06T13:10:17","modified_gmt":"2017-05-06T06:10:17","slug":"three-cheers-nationwide-for-bloodying-housebuilder-noses","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-cheers-nationwide-for-bloodying-housebuilder-noses\/","title":{"rendered":"Three cheers Nationwide for bloodying housebuilder noses"},"content":{"rendered":"


\nThe 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 intervention into the scandal of leasehold flats and houses sold with spiralling ground rents, the society said that from this Thursday it will stop lending against any new-build leasehold flat or house where the ground rent is more than 0.1% of the value of the property. It will also refuse loans on new flats with lease lengths of less than 125 years or new houses with less than 250 years. Developers will now be forced, if other lenders adopt the same policy, to slash the absurd ground rents or find that they simply can\u2019t get any buyers. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Three cheers Nationwide for bloodying housebuilder noses<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The building society has made a surprise intervention into the leasehold flats and houses scandal,...<\/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-53920","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-e1G","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":53920,"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":61686,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leaseholds-on-new-build-houses-in-england-to-be-banned\/","url_meta":{"origin":53920,"position":1},"title":"Leaseholds on new-build houses in England to be banned","date":"July 25, 2017","format":false,"excerpt":"\r Ground rents on flats could also be cut to zero under proposals to be outlined by communities secretary Sajid JavidBuilders are to be banned by the government from selling houses as leasehold in England and ground rents on flats could be cut to zero following widespread outrage over exploitative\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":53920,"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":61832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-leasehold-reform-well-overdue-editorial\/","url_meta":{"origin":53920,"position":3},"title":"The Guardian view on leasehold reform: well overdue | Editorial","date":"July 26, 2017","format":false,"excerpt":"\r The big homebuilders have been riding roughshod over planning authorities and housebuyers for decades. They need to brought under control, nowThe leasehold exploitation that the Guardian has been campaigning against for several years is to be stopped within weeks. This is welcome news indeed for the future, though not\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172054,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/when-leasehold-flat-owners-are-being-treated-as-second-class-citizens-letters\/","url_meta":{"origin":53920,"position":4},"title":"When leasehold flat owners are being treated as second-class citizens | Letters","date":"June 23, 2026","format":false,"excerpt":"\r Readers respond to an article on a campaign that is fighting to end the leasehold system in England and WalesI read your article about the National Leasehold Campaign and the problems associated with owning a leasehold property (\u2018The developers got greedy\u2019: the women who took on the leasehold scandal\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":53920,"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\/53920"}],"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=53920"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/53920\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=53920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=53920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=53920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}