James Wyatt, the chartered surveyor mounting the Mundy case, anticipates a ruling from the Court of Appeal on Wednesday.
The case was described as an “inconvenient truth” about leasehold by Edwin Johnson QC at the Court of Appeal last week.
James Wyatt says:
“The Parthenia model has been extensively peer reviewed by the top housing economists and contains more untainted market evidence than all other graphs combined. Edwin also pointed out the Grosvenor commissioned Gerald Eve relativity graph has been used for 20 years to set lease extension prices and thereby leasehold prices and has amounted to one of the largest unwarranted transfers of wealth from millions of leaseholders to freeholders.
“The Court of Appeal consisted of Lady Justice Arden (President), Lord Justice Jackson and Lord Justice Lewison (he refused us permission to appeal in the first instance). The decision is due to be released this Wednesday.
“Victory and we return to the Upper Tribunal, but undoubtedly the freeholders will appeal and therefore we may not have resolution for another 18 months to two years or even longer (we started the whole judicial process in 2013). Defeat and unless we can find grounds for appeal the injustice for the millions of leaseholders continues.
“We have been contacted by reporters from The Times, Telegraph, Guardian, Sky, Bloomberg etc as well as leaseholders from around the country. This issue is in the public eye and the Prime Minister has repeatedly promised the Government will act to stop the abuse of leaseholders.
“We look forward to resolving this injustice for millions of leaseholders and stop the needless cost for taxpayers.”