Cavendish Legal Group, who were recently acquired by O’Neill Patient (ONP), is boosting its enfranchisement team on the back of the Law Commission’s recent proposals on leasehold reform.
Jonathan Frankel, a partner at Cavendish Legal Group, who heads up the enfranchisement practice, commented:
“The proposed reforms are great news for homeowners in England and Wales.
“The existing system leaves leaseholders in a difficult situation which many feel is unfair. Ground rents continue to be a concern for buyers and lenders alike, so the desire to eliminate these is extremely welcome.
“If these proposals are adopted by government, I would expect to see huge demand from leaseholders to extend their leases, or taking advantage of the enfranchisement route to buy out the freehold altogether. We want to assist homeowners in maximising the value to their leasehold properties, and we believe these proposals will help do that.
“It is now up to Parliament to decide how and when these proposals will be enacted into legislation. The timeframe for that is uncertain, so those with shorter leases should not hold back on setting the wheels in motion. My team stands ready and able to advise them.”
Adam Forshaw, Managing Director of O’Neill Patient, added:
“The end of the waiting time for enfranchisement presents a real opportunity for homebuyers to move seamlessly from buying their home to an immediate extension of the lease.
“As a tech-driven firm, we are well-placed to make this journey as smooth as possible, and provide them with the end-to-end customer experience they expect
