Recession hits LVT case load

The recession has hit the Leasehold Valuation Tribunal, revealed Siobhan McGrath, Senior President at the Annual Conference of the Leasehold Advisory Service (LEASE).

Since May 2008, enfranchisement applications to the LVT have dropped by as much as 50%. It is thought that
people are waiting for market conditions to settle down as well as purchasers having difficulty securing financing.