UPDATE on Government’s intention to simplify the leasehold reform process

In my post last month, I referred to awaiting to see if the proposed Leasehold Reform Bill would be in the Queen’s Speech this month.

There was a complete absence of any referral to a the bill being introduced and so it seems to suggest there is no likelihood of any form of prescription of capitalisation and deferment rates and whether indeed marriage value will be removed from the calculations in the foreseeable future.

So valuers will be left to their own devices as to what rates and relativity to adopt moving forward.

Hey ho.