Posted: 4th December 2023

LEASEHOLD REFORM

The Government has submitted draft legislation for a Leasehold and Freehold Reform Bill on Monday 27 November 2023 which had its first reading in Parliament before going forward accordingly.

There are various changes in the draft legislation, including removing the two-year rule for ownership before you can apply to either purchase the freehold of a house or extend the lease of a flat/maisonette, abolishing marriage value, potentially pre-determined deferment and capitalisation rates and freeholders to be responsible for payment of their own fees.

Within the potential legislation there is also information regarding service charges and transparency on behalf of Managing Agents and other items.

It is difficult to comment any further on the appropriate changes as it has to go through both Parliament and Committee Hearing and it has a relatively limited timeframe in which to receive Royal Assent and come onto the statute books before the next General Election.

If you require any further help or guidance in connection with Leasehold Reform then please contact Andrew Perrin or Steve Johnson on 01922 627686 or residential@fraser-wood.co.uk.

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PURCHASE CAMERON ROAD, WALSALL

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"I attended your offices today to sign the lease documents and collected the keys to flat 3 Arboretum View.   I was met by a lovely lady who was very professional and friendly. On my arrival to the flat there was a welcome card, what a lovely touch.  The whole process has been a lovely experience. Thank you all."

ARBORETUM VIEW, WALSALL

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HARDEN ROAD, WALSALL

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"To all at Fraser Wood, thank you all so much for all your help with the sale and purchase; I would have not got through it all without you at the end of the phone.   Thank you all so much.   PS  Going to miss our chats Denise, you are brilliant."

BEACONVIEW ROAD, WALSALL

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"Andrew thank you and your amazing team for all the careful and friendly advice given to achieve this result in a difficult market and with  the complexity of the lease extension.

From the start I knew we were in safe hands which took much of the anxiety out of what at times were difficult decisions to make.   Thank you."

ELMSDALE COURT, WALSALL

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"I am most grateful to Andrew and Denise for making the whole period easy to follow.    Thank you so much."

HIGH VIEW, HIGHGATE ROAD, WALSALL

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" From the moment we moved to Fraser Wood Estate Agents from another well-known estate agent, we knew we were in professional hands and our dream move would be realised.  Every member of staff we have met or had dealings with have been nothing but professional, reassuring and supportive.   We received updates on a regular basis and when tasked with an enquiry, responses were almost immediate.  Every step of our journey with Fraser Wood has been an absolute joy because we were made to feel like a customer to be valued. 

 We have no hesitation in recommending Fraser Wood, Walsall Branch; staff who care and work hard to ensure a smooth sale as is possible and who put their clients first. "

LEVEN DRIVE, WILLENHALL

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"Can I just say though that I’ve been very impressed with the team at Fraser Wood in keeping me updated on progress, and regularly chasing things on our behalf.  When we come to sell off the next property in our portfolio we’ll definitely be straight in touch."

TELFORD ROAD, WALSALL

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"Andrew ....  I'd like to express my gratitude for your assistance and would not hesitate to recommend your services to others.    Just to be able to talk through my situation with you was very insightful and I appreciate the time given."

Leasehold advice - Chelmsford

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"I contacted Fraser Wood to assist with a Freehold purchase through information on the ALEP website.  Mr Perrin delivered an outstanding service from start to finish. He is very professional, friendly, knowledgeable and worked efficiently to a tight deadline, he kept us updated at all times and produced an excellent detailed report. Would not hesitate to recommend him and is fee was very reasonable . Many thanks Andrew"

Freehold Purchase

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"I contacted Andrew Perrin at Fraser Wood after finding his name listed on the ALEP website as an experienced lease extension valuer.   He was incrediby friendly, helpful and professional and was happy to talk through everything with me.   I was under a tight deadline and he returned a desktop valuation to me very speedily.    His report was clear, concise and thorough and impressed my solicitor!  I'm so thankful to have found someone so knowledgeable to help with a rather stressful process.   I'll also add that his fee to do so was very reasonable.   Thanks Andrew!"

Lease Extension - Shrewsbury

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"Dear Jacqui and team at Fraser Wood Estate Agents, thank you very, very much for your patience and hard work in achieving Parklands Gardens.    Well done!"

Parklands Gardens, Walsall

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From my first meeting with Lee to completing on the sale of my property, Lee and his team (Jacquie, Denise and Carol) were all very helpful, providing an excellent professional service. I live overseas, so knowing the team were managing the process so well made the whole process less stressful. I chose Fraser Wood due to their reputation for high quality service. A big thank you to the team for their hard work.

Martin Road Walsall

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Jacqui, Denise and the wonderful team at Fraser Wood, many thanks for your help in finding our new lovely home .. your prompting and checking for updates was really instrumental to keep the ball rolling and achieving completion in the desired time frame.

Skip Lane, Walsall

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Hi Denise & Jacqui, we have indeed completed. Thank-you to everyone at Fraser Wood in assisting with the sale. It took it’s time but we’re now done. All the best.

Argyle Road, Walsall

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The gentleman that showed me around the property was very friendly and helpful. We have dealt with many lettings agents in our search and have found many to be less than helpful... he not only answered all my queries but did so in a pleasant manner.

Northumberland Way, Walsall

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I can't recommend this company enough. I was referred to Andrew Perrin to deal with a lease extension .. the first time I spoke to him he explained what needed to be done. He got on to it and got it sorted quickly and in a professional manner.

Plestowes Close, Shirley

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It makes such a difference when you deal with a well established company with many years knowledge and experience...they were excellent in every way and I would highly recommend them and certainly use them again.

Richard Place, Walsall

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Absolutely 100% fantastic! Jacqui and Denise kept me informed every step of the way while selling my house in record time. Always friendly and polite they were truly fantastic dealing with me, as I hadn't a clue what I was doing, they made it so easy.

Cairns Street, Walsall

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Thank you for all your help during this journey and thank you for all your patience and support during this process.

Burnside Gardens, Walsall

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Your main priority was to represent the seller .. throughout the process your team incorporated a friendly smooth pleasant service for the buyer (myself). I cannot fault the interaction I've had with you and team throughout this process

Lancaster Place, Bloxwich

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Thank you Denise/Jacqui, I am very happy with the final outcome.

Sarehole Road, Hall Green

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Thank you for your excellence and diligence ... especially at such short notice.. Thank you again for everything ... we will be recommending you.

Booths Lane, Great Barr

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Thank you very much for your efforts and hard work in completing the sale, its not been easy!

Mounts Road, Wednesbury

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To the team at Fraser Wood, thank you to you all you who assisted in the sale. Best wishes.

Hawes Road, Walsall

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I was impressed from the first meeting with Lee Smith.. his sales team were equally good, their persistence made an at times difficult situation much easier. Fraser Wood are longstanding and thoroughly deserve their reputation. I would recommend them.

Buchanan Road, Walsall

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It wouldn’t have been possible without your efforts so thank you once again.

Sutton Road, Walsall

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Andrew, you have been so helpful, a huge "thank you" for guiding me through all this, and, genuinely, the fascinating chat we had about the lease situation generally...I will not hesitate to recommend you.

Limes Avenue, Barnes, London

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Steve, thank you for your excellent work selling the Windmill. Kind regards and thanks again.

Highgate Road, Walsall

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Many thanks for your help in our purchase. Your whole team were pleasant, helpful and on the ball ..thanks for the surprise gift box when we collected the keys .. would be happy to recommend you to friends and family.

Cornwall Road, Walsall

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Dear Andrew, I just wanted to take a moment to thank you for your support with the recently completed purchase ... without your support it would not have been concluded and for that you will always have my gratitude.

Land Watling Street, Wilnecote

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We found your staff a delight to deal with Carole Jacqui & Denise have been wonderful. The professionalism, reassurance and understanding the customers concerns were put at the centre of every conversation ..keep connecting people to their dream homes.

Lonsdale Road, Walsall

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I have been very happy with your services ...please pass on my thanks to all the staff at your office who have been involved and kept on top of proceedings, keeping me up to date ... I would have no hesitation in recommending you in the future.

Lonsdale Road, Walsall

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I was very impressed with the service received, communication was excellent and endeavouring to help with added issues. Thank you to all staff.

Lichfield Road, Rushall

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Hi All, thank you for your assistance. We finally got there! Honestly, I'm glad it's all over.

Canning Close, Walsall

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Everything done very efficiently. Particularly impressed with the viewing arrangements and the chasing up of the buyer when slow progress was encountered from the buyer's solicitor.

Mountbatten Court, Walsall

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I would like to thankyou for the sale of 72 Broad Lane you helped so much for the family ... done amazing ...job thank you.

Broad Lane, Pelsall

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Andrew .. Thank you for your patience, your always pleasant conversation, and your fine efforts in achieving this result.

College Drive, Handsworth Wood

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I was very pleased with the overall service I received... I was seeking good communication due the distance I was from Walsall. I was pleased Fraser Wood lived up to their initial promises throughout the sales process which was very quick and smooth.

Richard Road, Walsall

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Many thanks for all your hard work..The sale process has been pretty much stress free and that is down to the work you have done, so again, thank you for that. I would not hesitate to recommend Fraser Wood to friends and family

Scott Road, Walsall
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