Radical new proposals to provide a fairer deal for
leasehold homeowners have been announced by the Law Commission. Following hot
on the heels of plans by the Government to ban the sale of houses on a
leasehold basis, the independent legal body is outlining a range of measures to
help existing leasehold homeowners buy the freehold of their houses. These
include:
·
options for changing the valuation formula,
having been asked by Government to examine how to reduce the price while
providing sufficient compensation to landlords
·
making it easier for homeowners to buy the
freehold
·
removing the requirement that leaseholders must
have owned their house for two years before making a claim
Read more on the Law Commission website.
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