With only a short while to go until Publication, it will be very interesting to see what the Law Commission’s report on the options for reforming the law in relation to valuations will look like.
Some of us did make some predictions see my comments on the Bishop & Sewell website see the link:
We do need to bear in that these will be options for reform – in other words a range of different paths that the government could go down to change the law. As the actual choice of how to implement any reform is a political one, the Law Commission are only going to be laying out ‘options’ that the government can choose from.
Having said that, government has throughout this process made it clear that it is committed to making it ‘cheaper and easier’ for leaseholders to extend their lease or buy their freehold.
Let’s see what the announcement will bring!