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Labour Announces New Plans for leaseholders

As if the leasehold sector isn’t facing enough change at present, Labour have announced a plan to give tenants of shorthold flats and houses the right to buy out their landlords interest as of right, and at a discount to the market value of that property. How Labour plan to fund such a scheme isn’t clear but such a controversial proposal is bound to have much scrutiny especially if it is retrospective as seems to be likely. Tenants however may welcome the news to align them with public sector housing. Watch this space for updates about all matters leasehold.

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