{"id":64374,"date":"2017-08-23T12:01:05","date_gmt":"2017-08-23T05:01:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/going-underground-number-of-britons-digging-basements-soars\/"},"modified":"2017-08-23T12:48:41","modified_gmt":"2017-08-23T05:48:41","slug":"going-underground-number-of-britons-digging-basements-soars","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/going-underground-number-of-britons-digging-basements-soars\/","title":{"rendered":"Going underground: number of Britons digging basements soars"},"content":{"rendered":"


\nHalifax says loft conversions are also booming as homeowners seek to extend properties rather than moveBritain has seen a 183% increase in planning applications for basement extensions, as homeowners barred from climbing the housing ladder by high prices decide to burrow down instead.The number of loft conversions has also risen dramatically, according to mortgage lender Halifax, in a bid to circumvent a soaring property market. However, it is basements that have seen the most rapid growth, with neighbourly spats among the side-effects of a building trends that also brings noise, dust and subsidence in its quest for more living space. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Going underground: number of Britons digging basements soars<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Halifax says loft conversions are also booming as homeowners seek to extend properties rather than...<\/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-64374","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-gKi","jetpack-related-posts":[{"id":64662,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/going-up-or-digging-deep-how-to-finance-a-home-extension\/","url_meta":{"origin":64374,"position":0},"title":"Going up or digging deep, how to finance a home extension","date":"August 26, 2017","format":false,"excerpt":"\r From loft conversions to basements, planning applications are rising as homeowners need more space but can\u2019t afford to moveGrowing numbers of homeowners are building upwards or digging down to create more space because they can\u2019t afford to move to a bigger property. But what are the options for financing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120804,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-basement-extensions-now-as-normal-as-loft-conversions-study-finds\/","url_meta":{"origin":64374,"position":1},"title":"London basement extensions now as normal as loft conversions, study finds","date":"July 18, 2021","format":false,"excerpt":"\r Most are built for middle-class professionals rather than oligarchs, with trend raising flood concernsWith their underground swimming pools, cinemas and art galleries, London\u2019s luxury basement developments have long provoked envy and disgust as depositories for the hidden wealth of the super rich.But a new study, which has mapped all\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127940,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/second-mortgages-lending-soars-as-britons-struggle-to-pay-off-debt\/","url_meta":{"origin":64374,"position":2},"title":"Second mortgages: lending soars as Britons struggle to pay off debt","date":"July 23, 2022","format":false,"excerpt":"\r As the cost of living crisis grows, homeowners are borrowing more on top of their existing loan. But it can be costlyPerhaps it\u2019s no surprise with a cost of living crisis raging, but growing numbers of homeowners are opting to saddle themselves with a second mortgage.Many people are using\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/value-of-uks-housing-stock-soars-past-6tn\/","url_meta":{"origin":64374,"position":3},"title":"Value of UK's housing stock soars past \u00a36tn","date":"November 29, 2017","format":false,"excerpt":"\r Biggest rises of the past decade seen in London and the south-east, with the over-55s holding almost two-thirds of the wealth The total value of all the houses in the UK has passed the \u00a36tn mark for the first time, according to research by Halifax which also highlights the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87301,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/going-underground-the-subterranean-secrets-of-londons-super-rich\/","url_meta":{"origin":64374,"position":4},"title":"Going underground: the subterranean secrets of London's super-rich","date":"May 7, 2018","format":false,"excerpt":"\r Study reveals thousands of opulent basement schemes with cinemas, pools \u2026 and a beachThe subterranean secrets of London\u2019s super-rich are revealed in a study of 4,650 basements granted planning permission in some of the capital\u2019s most affluent neighbourhoods, with hundreds of swimming pools and cinemas in the most luxurious\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12092,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-you-dig-it-basement-facts-and-fictions\/","url_meta":{"origin":64374,"position":5},"title":"Can you dig it? Basement facts and fictions","date":"May 7, 2016","format":false,"excerpt":"\r As London\u2019s basement phenomenon grows, so too does irritation at what some see as greed. But what\u2019s so wrong with digging down, asks one London architectTo many they are a plague, to others an opportunity, but whether big or small, they are always controversial. A report earlier this year\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\/64374"}],"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=64374"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/64374\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=64374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=64374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=64374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}