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The Leasehold and Freehold Reform Act 2024 has washed up. What does it mean?

On Friday 24th May 2024 the Leasehold and Freehold Reform Act 2024 (“LAFRA”) was given Royal Assent during what is known as the “wash up” and the last parliamentary session of Sunak’s Conservative Government. It follows the Law Commission’s consultation (which started in 2018) which recommended fundamental changes to the valuation methodology and the legal process with a view to making it cheaper and easier for leaseholders to extend their leases and buy their freeholds.

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New Leasehold and Freehold Reform Bill – Should I Wait?

The Leasehold and Freehold Reform Bill is on the horizon, and the Government aims to shake up the leasehold housing market. In the King’s Speech on 7 November 2023, they laid out the plan for this new law, which is intended to simplify and make more affordable the process of leaseholders buying their freehold, extending their leases, taking over management rights, and shielding them from hefty service charges.

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Comptons Clarifies…Asbestos

Did you know that Asbestos was banned in the UK in August 1999, because if asbestos fibres are inhaled, they can cause fatal diseases. Susanna Levingstone clarifies…

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Change is hard, isn’t it?

Susanna Levingstone, a solicitor in our Residential Conveyancing team gives us a detailed insight into the Building Safety Act 2022 and how change must be embraced, especially when it has so many positive impacts.

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Comptons Clarifies…EWS1

Did you know that an External Wall Fire Review (EWS1) Survey provides an industry standard approach to assess fire cladding safety and came in to use in December 2019. Susanna Levingstone clarifies…

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