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Government leasehold reforms
Housing Secretary Robert Jenrick has announced reforms to leasehold ownership. In this article we set out comments on key questions arising from the reforms. Why is leasehold being changed? In summer 2020 the Law Commission published a series of reports following consultation into perceived shortcomings of current leasehold law with the aim...
LEASE EXTENSION PROCEDURE
Instruction 1. The valuation work starts the process. Please complete and return the attached instruction form. We will send you separate valuation terms and conditions for signature and return. All can be done by email with fillable PDF forms. Valuation fees payment required to valuation account. Valuation Work 2. We will call or contact you to...
Cladding issues and funding for leaseholders
The UK Gov announced a new fund worth £3.5bn to for unsafe cladding for all leaseholders in high-rise buildings over 18 metres. This is further to the Gov’s £1.6bn Building Safety Fund created in March 2020 to help fix non-ACM cladding systems on high-rise blocks. Housing Secretary Robert Jenrick made a...
Government leasehold reforms and how they might affect new and leaseholders already in the process
The Government has laid out a number of measures to reform the leasehold system. These are; Abolish ground rent on new leases. Extend leases to 990 years. Abolish marriage value and cap ground rent value. Lease extension valuations to be carried out online. Numbers 1 and 2 will take place during...
Government reforms make it easier and cheaper for leaseholders to buy their homes
Millions of leaseholders will be given the right to extend their lease by a maximum term of 990 years at zero ground rent, the Housing Secretary Robert Jenrick has announced today (7 January 2021). Today’s measures come as part of the biggest reforms to English property law for 40 years, fundamentally making...
Curo Places Ltd v Pimlett
Curo Places Ltd v Pimlett Service Charge disputes Although not required appeal against that UKUT lease - Appellant housing association 1 30 (LC); [2019] PLSCS 73. The appellant taking over as landlord and seeking to appealed to the Court of Appeal. impose charge for grounds maintenance Held: The appeal was...
Collective enfranchisement – LM Homes Ltd also Others v Queen Court Freehold Company Ltd [2018] UKUT 367 (LC)
A recent decision by -Upper FTTP in -case of LM Homes Ltd also Others v Queen Court Freehold Company Ltd [2018] UKUT 367 (LC) has highlighted -difficulties that freeholders also developers can face in realising development or development hope value, when confronted with a collective enfranchisement claim. In this case, -FTTP...
lease extension process
The lease extension process is challenging, with plenty of scope for error that can allow a challenge from a freeholder unwilling to co-operate with the request. The lease extension specialists at South East Leasehold have handled hundreds of lease extensions, helping leaseholders to extend their lease and secure the long-term value...
Law Commission Leasehold Reform 21 July 2020
The Law Commission has released its report recommending changes to the current leasehold system. Please find below by way of a briefing and update. The Law Commission was tasked with looking into the leasehold sector since it was identified as “not working” for millions of leaseholders in England and Wales. The...
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