Property market braces for shockwaves from landmark leasehold case

Appeal court ruling could halve the cost of extending leases or buying freeholds for 2.1m households in England and Wales

One of Britain’s richest men, the Duke of Westminster, could see the value of his estates plummet this week if a landmark legal challenge is successful. The case could also benefit 2m households across England and Wales.

The court of appeal will on Tuesday rule in the case of Mundy v the Sloane Stanley Estate in a long-running legal battle over the calculation basis for extending a lease.

What are leasehold houses?

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