HS2 gets go-ahead

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News article

HS2 given green light: Landowners must seek professional advice

January 2012

rural consultancy news

The High Speed 2 (HS2) scheme linking London with Birmingham was today given the go-ahead by Transport Secretary Justine Greening, prompting many land and property owners who live near to the proposed route to seek professional advice.

The route, which passes Lichfield, Birmingham, Leamington Spa, Warwick, Brackley, Aylesbury, Wendover and Amersham on its way into central London, also passes many smaller settlements and through large tracts of farmland which are likely to be affected.
 
Stephen Rutledge, lead agent for HS2 at Fisher German chartered surveyors, believes that many people should consult a professional land agent or surveyor about their options.
 
Stephen comments “Even though the London to Birmingham line is not planned to open until 2026, its effects can be felt now. We have already seen properties that are on or close to the proposed route struggling to sell as buyers are wary of the disturbance likely to be caused by its construction and operation.
 
“Whilst properties located on or close to the route are already ‘blighted’ by the scheme, few are likely to be purchased by the Government other than those directly in the path of the railway line.  It has today been announced that the existing Exceptional Hardship Scheme (EHS) will be succeeded by a replacement scheme, although the EHS is likely to be in place until at least autumn 2012 when a package of compensation measures are likely to be announced.
 
 “Businesses will want to ensure that they have the right ownership structure in order that the impact of HS2 is minimised.  Property owners may wish to crystallise any latent planning or development potential before the route is safeguarded later in 2012 in order to add value to their property and maximise the compensation available.

Fisher German HS2 Surveyors

 
We represent a large number of property owners along the route and have provided advice and valuations to put them in the best possible position if the scheme actually proceeds through to construction. I would urge anybody with concerns over HS2 to seek professional advice from a surveyor or land agent.”
 
Fisher German has a dedicated HS2 surveyor team with significant experience of representing land and property owners on similar infrastructure projects, including the West Coast Mainline and Evergreen 3 railway projects and the M40 and M6 Toll motorways. 
 
For further information please contact Stephen Rutledge on 01295 226292 or email stephen.rutledge@fishergerman.co.uk
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