Exceptional hardship scheme announced for HS2

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News article

Exceptional hardship scheme announced for HS2

July 2010

high speed rail

The Secretary of State for Transport announced on 26 July 2010 that there will be an Exceptional Hardship Scheme (EHS) to provide assistance for those property owners most severely affected by HS2 Ltd’s proposed line between London and Birmingham. 

EHS will be formally launched on 20 August 2010, and will apply to properties that are on, or in the vicinity of HS2 Ltd’s recommended route – route 3. This has ended some speculation as to which one of a number of possible routes is likely to be used for this first section of high speed rail link.

Property owners who urgently need to move, and are unable to sell after three months on the open market due to the impact of the proposed high speed rail link, will be able to make an application under this scheme. If successful, the Secretary of State for Transport will then buy the property from them for a price that ignores the presence of the proposed HS2 rail link.

As a result of the public consultation on the draft Scheme, EHS has been widened to also include the following groups:

  • owner-occupiers of commercial properties with an annual rateable value not exceeding £34,800
  • owner-occupiers of agricultural units
  • those who have recently inherited a property
  • people whose property has been repossessed and urgently need their lender to sell it
    EHS will remain in place until after the public consultation, due to take place earlier next year, when the Secretary of State will make a final decision as to whether to build the line, and if so on what route.

Fisher German will be marketing a number of properties for owners who may be seeking entry in EHS if their property fails to sell after three months of marketing.

For further information on HS2, and in particular the Exceptional Hardship Scheme, contact Stephen Rutledge at our Banbury office on 01295 226292 email stephen.rutledge@fishergerman.co.uk

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