Hi all
Following the 'wash up' process in Parliament last Friday the 24th of May 2024 , the new Leasehold and Freehold Reform Act 2024 has come rapidly into law. This is a huge 244 pages long and covers a wide range of areas. As Valuers, we have focussed on the valuation aspects here but there is a new wave of legislation on its way to get used to. 🙄
Be aware its very early days and the rates to be inserted into valuation formula have not been provided as yet by the Secretary of State so we are stuck for now until a new government tells us what numbers to use in the valuation calculations.
All the best and any questions do get in touch - Chris Baker - McDowalls Surveyors
Email chris.baker@mcdowalls.com or tel 0208 4724422