{"id":61962,"date":"2017-07-27T13:00:42","date_gmt":"2017-07-27T06:00:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-trapped-in-my-leasehold-property-by-ever-doubling-ground-rent\/"},"modified":"2017-07-27T13:10:20","modified_gmt":"2017-07-27T06:10:20","slug":"im-trapped-in-my-leasehold-property-by-ever-doubling-ground-rent","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-trapped-in-my-leasehold-property-by-ever-doubling-ground-rent\/","title":{"rendered":"I\u2019m trapped in my leasehold property by ever-doubling ground rent"},"content":{"rendered":"


\nI was unaware of this clause in my contract when I bought the flatI am a homeowner trapped in a leasehold property which seems unsaleable. When I bought the 11-year-old flat five years ago I was unaware of a clause in the contract which allows the ground rent to double every 10 years. It was \u00a3250 when I moved in and has since risen to \u00a3500. In another nine years it will be \u00a31,000 and then no one will want to buy it. AC, CoventryGround rents have become lucrative business for developers who sell the freehold to investment firms who then profit from the annual income. Continue reading…
\n
\nSource : theguardian.com
\nRead more…I\u2019m trapped in my leasehold property by ever-doubling ground rent<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I was unaware of this clause in my contract when I bought the flatI am...<\/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-61962","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-g7o","jetpack-related-posts":[{"id":54631,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/taylor-wimpey-compensation-offer-is-pr-con-claim-victims-of-leasehold-scandal\/","url_meta":{"origin":61962,"position":0},"title":"Taylor Wimpey compensation offer is PR con, claim victims of leasehold scandal","date":"May 13, 2017","format":false,"excerpt":"\r Some homeowners believe they will still be left in the clutches of ground rent companies and have to pay excessive chargesTaylor Wimpey last month offered \u00a3130m to buyers trapped in new-build homes with spiralling ground rent contracts. It was a move initially greeted with glee by victims of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128809,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thousands-more-homeowners-in-uk-to-be-refunded-for-doubling-ground-rents\/","url_meta":{"origin":61962,"position":1},"title":"Thousands more homeowners in UK to be refunded for doubling ground rents","date":"August 24, 2022","format":false,"excerpt":"\r Competition watchdog cracks down on \u2018unfair\u2019 leasehold terms that trapped people in properties they could not sellThousands more homeowners who paid a doubled ground rent on their property will get a refund after the competition watchdog cracked down on \u201cunfair\u201d leasehold practices.More than 5,000 households in the UK will\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":61962,"position":2},"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":122019,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thousands-of-leaseholders-freed-from-doubling-of-ground-rents\/","url_meta":{"origin":61962,"position":3},"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":63022,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/breakthrough-in-leasehold-scandal-as-countryside-buys-back-freeholds\/","url_meta":{"origin":61962,"position":4},"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":34950,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-build-ground-rent-scandal-could-spark-legal-battles\/","url_meta":{"origin":61962,"position":5},"title":"New-build ground rent scandal could spark legal battles","date":"November 19, 2016","format":false,"excerpt":"\r With 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\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\/61962"}],"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=61962"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/61962\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=61962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=61962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=61962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}