I have written a number of blogs on this much awaited topic.
Not surprisingly there has been a lot of discussion behind the scenes particularly in the landlords’ camps where my mole has hinted that if marriage value is abolished, deferment rate may be set at circa 3.5% on any claims in PCL as a quid pro quo.
Although this would perversely be more punitive the longer the unexpired lease, this is understandable as a possible solution to this much vexed issue despite government announcing it wants to make the whole process quicker and cheaper.
We await to see if the proposed bill will be in the Queen’s Speech next month and then of course what it finally legislated.
Watch this space.