Well if the building is a qualifying building under the BSA 2022, and the freeholder was the developer, and they built a death trap, and the leaseholder only has 3 flats or less. Then they may pay something 🙄. Pretty narrow definition of ‘shared’ though…

Combined with disastrous fire safety issues this has impacted on flat prices and sales volumes. Although Annington's interests run counter to those of the public, if their actions force drafting of secondary legislation to set valuation rates (and thus provide certainty) they will be welcome. /End

What's interesting is that the legal action in the High Court and ECHR seems to be targeted at forcing the Gov's hand into revealing valuation variables that the previous Gov sought to keep hidden. There has now been 7 years of significant uncertainty in the leasehold market. 2/

So the first challenge to the Leasehold and Freehold Reform Act 2024 comes from Annington Homes: www.theguardian.com/media/2024/s...commonslibrary.parliament.uk/research-bri... 1/