The incoming Labour government is committed to making it cheaper and easier for leaseholders to extend their lease or to buy the freehold of their property.

However,  as part of the process of the Act, it is likely that secondary legislation will need to be introduced, and that changes will be phased in over the next few years.
No commencement date for this has yet been set.

Until we have further clarification, the leasehold property valuation process remains unchanged.

Please feel free to contact Jackie Collis if you are considering extending the lease on your flat, or buying/selling your freehold, and would like to discuss how the proposed changes might affect you.

Each Side Leasehold are independent RICS registered valuation surveyors.
We’re based between Reigate, Dorking and Horsham on the Surrey – Sussex border, and we work across South London as well as Surrey, Sussex, Kent and Hampshire. We specialise in residential properties, mainly for flats as lease extension valuers, or for freehold purchase, but also for inheritance tax and probate purposes.