I want to sell my leasehold home: will it be worth more after the reform bill?—This is Money
Partner Shabnam Ali-Khan has provided expert advice on the Leasehold and Freehold Reform Bill in an article from This is Money, guiding homeowners looking to sell a property with a short lease on whether to wait for the Bill to become law, cross-check a valuation, and extend the lease before selling.
Amongst other changes, the new bill proposes to scrap marriage value. Simply explained, marriage value is the difference in the value of the flat with its current lease and the value once the lease has been extended.
The full article can be read online on This is Money.
Shabnam Ali-Khan is in the property law and conveyancing team, specialising in lease extension and enfranchisement matters, primarily under the Leasehold Reform Housing and Urban Development Act 1993 working with a variety of clients ranging from high-net-worth individuals and companies to individual leaseholders and investor landlords.
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