The decision of Lord Justice Irwin in the above Appeal on housing costs has now been handed down. The Court has abandoned Roberts v Johnstone.
The Court awarded £801,913 based on the full cost of housing less a reversionary interest calculated on a discount of 5% based on table 28 of the Ogden Tables. This obviously produces a huge discount for a long life claimant and all but wipes out the resulting reversionary value.
All open claims will now need to be recalculated based on the case with a significant increase in the value of claims. We would be delighted to assist in calculating the revisions necessary to the accommodation element of claims.