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Leasehold Law Update

Labour announced last week its bid to ban the sale of leasehold homes and crack down on other controversial practices if it wins power. This follows largely the mandate set by the Conservative party – though it will be interesting to see, given the political climate, which party achieves it first.

Great news if you are a new buyer. But neither party has yet announced what it proposes to do about the many leaseholders stuck with unsalable leases. A much hotter and more difficult problem to cure. We are awaiting developments with interest and will announce what comes of it as soon as we know.

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