Can anyone help me with this query please?
I recently made a s42 claim and proposed a premium of £13,000. The counter notice accepts all the terms except for a premium required of £25,700. My offer was made on the basis of an unimproved value of £150,000 for the flat which has a little over 59 years unexpired lease (the premium calculation was done by a chartered surveyor for me) whereas the FH valuer has put it at £160,000.
We are so far apart that I think negotiation would not result in much reduction if any so I will have to go to the LVT for a decision but I am told that it will cost me about £4,000 with expert valuation and legal representation and that this is what the FH is hoping will deter me from going this route.
Do I need the legal representation if it is just a premium dispute and could this be dealt with as a written case rather than a hearing?