{"id":73521,"date":"2017-12-02T14:00:05","date_gmt":"2017-12-02T07:00:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-trapped-by-fleecehold-the-new-cash-cow-for-developers\/"},"modified":"2017-12-02T14:03:17","modified_gmt":"2017-12-02T07:03:17","slug":"homeowners-trapped-by-fleecehold-the-new-cash-cow-for-developers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-trapped-by-fleecehold-the-new-cash-cow-for-developers\/","title":{"rendered":"Homeowners trapped by \u2018fleecehold\u2019 \u2013 the new cash cow for developers"},"content":{"rendered":"


\nThey own the freehold but are forced to pay often escalating estate management fees with no accountabilityThousands of homeowners on private estates are facing unregulated and uncapped maintenance fees, amid allegations that developers have created a cash cow from charging for communal areas not maintained by the council.Management contracts for \u201cunadopted\u201d private estates are frequently sold off to speculators and property management companies in the same way as freeholds and ground rents \u2013 leaving homeowners with spiralling fees and nowhere to turn. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Homeowners trapped by \u2018fleecehold\u2019 \u2013 the new cash cow for developers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

They own the freehold but are forced to pay often escalating estate management fees with...<\/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-73521","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-j7P","jetpack-related-posts":[{"id":75882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fleecehold-complaints-flood-in-as-residents-battle-to-turn-tide\/","url_meta":{"origin":73521,"position":0},"title":"\u2018Fleecehold\u2019 complaints flood in as residents battle to turn tide","date":"January 6, 2018","format":false,"excerpt":"\r Our story about homeowners on private estates facing uncapped fees for maintaining communal areas prompted a stream of responsesLast month Guardian Money revealed how thousands of homeowners, who bought on \u201cunadopted\u201d private estates, face escalating costs after developers sold off management contracts to private companies in what many describe\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":73521,"position":1},"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":63712,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-property-management-become-chinese-developers-new-cash-cow\/","url_meta":{"origin":73521,"position":2},"title":"Will property management become Chinese developers\u2019 new cash cow?","date":"August 15, 2017","format":false,"excerpt":"\r China\u2019s developers, facing the government\u2019s heightened clampdown on the real estate sector, are increasingly focusing on long-term bets like property management even though these investments may take years to bear fruits. Dozens of developers have spun off their property management businesses, while seeking to strengthen their financial muscles to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19438,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/only-developers-estate-agents-and-homeowners-will-cash-in-on-crossrail\/","url_meta":{"origin":73521,"position":3},"title":"Only developers, estate agents and homeowners will cash in on Crossrail","date":"July 12, 2016","format":false,"excerpt":"\r By 2025, 60% of Londoners will be renters \u2013 they pay for Crossrail through taxes and fares but have nothing to gain from soaring rents and house pricesTo be launched in 2018, Crossrail is now not only an obsession for planners, engineers and architects, but is also being sold\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":73521,"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":76474,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ground-rent-we-feel-like-prisoners-in-our-own-home\/","url_meta":{"origin":73521,"position":5},"title":"Ground rent: \u2018We feel like prisoners in our own home\u2019","date":"January 13, 2018","format":false,"excerpt":"\r High charges have left young homebuyers trapped \u2013 and the John Lewis pension fund has been accused of playing a roleThousands of young homebuyers remain trapped in virtually brand-new homes made unsaleable by spiralling ground rents and abandoned by developers such as Taylor Wimpey, despite a ban on the\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\/73521"}],"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=73521"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/73521\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=73521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=73521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=73521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}