Leasehold reform a Bill before Christmas, but when will leaseholders see the benefit?
Andy Burnham has promised to introduce a leasehold reform Bill before Christmas.
Speaking at the Labour Party Conference on 29 September, he said:
“We will introduce a Bill before Christmas for long overdue Leasehold Reform... you have my word.”
That is welcome.
For leaseholders considering a lease extension or the purchase of their freehold, however, the practical question remains: when will the changes take effect, and what difference will they make to the cost?