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Priced out of the market?

By: Contributor(s): Language: English Series: Estates Gazette ; (0727) 7 July 2007, 296-297(2)Publication details: 2007Subject(s): Summary: Reports on the effects of the Sportelli case. Some leaseholders will no longer be able to afford enfranchisement or extension of their leases. The deferment rate is increased to 4.75% the value of the freehold in house enfranchisement cases, and 5% in flat enfranchisement and lease extension claims. Considers the real costs the case has resulted in. These increased costs appear to run contrary to the spirit of recent leasehold legislation.

Reports on the effects of the Sportelli case. Some leaseholders will no longer be able to afford enfranchisement or extension of their leases. The deferment rate is increased to 4.75% the value of the freehold in house enfranchisement cases, and 5% in flat enfranchisement and lease extension claims. Considers the real costs the case has resulted in. These increased costs appear to run contrary to the spirit of recent leasehold legislation.