{"id":73043,"date":"2013-11-09T14:00:41","date_gmt":"2013-11-09T07:00:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/lease-options-win-win-or-lose-lose\/"},"modified":"2017-11-28T07:06:07","modified_gmt":"2017-11-28T00:06:07","slug":"lease-options-win-win-or-lose-lose","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lease-options-win-win-or-lose-lose\/","title":{"rendered":"Lease options \u2013 win win \u2026 or lose lose?"},"content":{"rendered":"


\nLease options are sold as the answer for those struggling to get a mortgage. But there are big pitfallsVisit any one of a number of online property investor forums and there’s one subject dominating conversations: lease options. The deals are touted as a one-stop solution for struggling homebuyers and “motivated” sellers, but chiefly as a way for property investors to exploit the market and expand their portfolio.But anyone thinking of getting involved should know that these deals are totally unregulated and that vulnerable homeowners may lose their home and still be responsible for the mortgage. The Financial Conduct Authority warns against lease options, as does the Council of Mortgage Lenders. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Lease options \u2013 win win \u2026 or lose lose?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lease options are sold as the answer for those struggling to get a mortgage. But...<\/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-73043","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-j07","jetpack-related-posts":[{"id":46811,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-room-flexi-flats-see-encouraging-response\/","url_meta":{"origin":73043,"position":0},"title":"2-room Flexi flats see encouraging response","date":"March 6, 2017","format":false,"excerpt":"\r Many elderly buyers have booked 2-room Flexi flats as they offer shorter leases. The Housing and Development Board (HDB) on Sunday (5 March) said that the 2-Room Flexi Scheme has received \u201cvery encouraging\u201d response, with 87 percent of the 6,070 units offered in four sales exercises already booked, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113949,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-584-price-tag-we-have-had-to-pay-for-land-registry-delays\/","url_meta":{"origin":73043,"position":1},"title":"The \u00a3584 price tag we have had to pay for Land Registry delays","date":"January 29, 2020","format":false,"excerpt":"\r We can\u2019t get our lease registered without a mortgage and can\u2019t get a mortgage without the RegistryMy partner and I extended the low lease of our new flat, a process which took nearly two years and cost \u00a325,000. Our solicitor submitted the documentation to the Land Registry. She informed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110483,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lbs-available-for-flat-owners-with-outstanding-mortgage-loan-of-over-5000\/","url_meta":{"origin":73043,"position":2},"title":"LBS available for flat owners with outstanding mortgage loan of over $5,000","date":"September 4, 2019","format":false,"excerpt":"\r Flat owners with outstanding mortgage loans of more than $5,000 can now take up the LBS \u201cas long as the proceeds from the lease sale are sufficient to fully discharge the loan. The rule that requires Housing and Development Board (HDB) flat owners to have an outstanding loan of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148107,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/our-flats-rising-ground-rent-is-going-to-ruin-our-move\/","url_meta":{"origin":73043,"position":3},"title":"Our flat\u2019s rising ground rent is going to ruin our move","date":"November 12, 2024","format":false,"excerpt":"\r Our buyer\u2019s lender has pulled out because the charge rises with the property\u2019s rising value. Now the delay risks collapsing the whole chainWe found a buyer for our leasehold flat, but on the day of exchange their lender declined to offer a mortgage, despite having previously agreed in principle.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leasehold-dilemma-extend-a-lease-now-or-wait-for-a-better-deal\/","url_meta":{"origin":73043,"position":4},"title":"Leasehold dilemma: extend a lease now or wait for a better deal?","date":"January 6, 2019","format":false,"excerpt":"\r As a government consultation continues, it\u2019s a crucial and costly issue facing the owners of flats and housesAmong the myriad of decisions homebuyers and owners have to contend with is leasehold. The number of years left on a lease is crucial when it comes to remortgaging or selling your\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25293,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/big-wellington-industrial-for-lease-a-rarity\/","url_meta":{"origin":73043,"position":5},"title":"Big Wellington industrial for lease a rarity","date":"September 7, 2016","format":false,"excerpt":"\r A large industrial property for lease in Lower Hutt is a rarity in a Wellington industrial market where industrial property occupiers wanting to move or upsize their premises don't have many options left in popular business precincts.Colliers...\r \r Source : nzherald.co.nz\/Property\r Read more...Big Wellington industrial for lease a rarity","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\/73043"}],"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=73043"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/73043\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=73043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=73043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=73043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}