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Llangewydd Court Ground Rent Estate v Ralph [2021] UKUT 251 (LC)  Summary The Upper Tribunal refused an appeal against the application of the “deferment rate” but the judgement opens the door to further challenges  Facts The case concerned an enfranchisement of a house in South Wales under the LRA 1967. The valuation was under s. 9(1) LRA 1967. On that basis of valuation, the price payable is the aggregate of:  The value of the term;  The present value of the modern ground rent (“s.15 rent”) that would have been receivable…

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