Event details
In her first speech as the new Chancellor of the Exchequer Rachel Reeves stated that Labour promised to grasp the nettle of planning reform, seeing the planning system as “antiquated” and “as a graveyard of economic ambition”. In this session, Catherine Knight and Stacey Brook will explore various planning changes, some of which were made immediately and others promised to be delivered very shortly.
The Leasehold and Freehold Reform Act 2024 received royal assent in May 2024 making it easier and cheaper for leaseholders to buy their freehold, increase standard lease extension terms to 990 years for residential property, and banning excessive buildings insurance commissions for freeholders and managing agents. Importantly Part 1 of the Act also brings in a “ban” on the creation of a leasehold house (save for exceptions to be explored). We are already seeing the impact of this change in structuring deals for our clients. In this session our experts will explore the changes and the implications for public sector clients.
Speakers
- Stacey Brook
- Catherine Knight