HS2 announce latest Phase 1 compensation measures

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News article

HS2 announce latest Phase 1 compensation measures

January 2015

HS2
HS2 have today announced their latest Phase 1 compensation measures, following on from their compensation consultation of early 2014.  
 
The measures, which in some cases are very similar to existing but in others are new, are set out on HS2’s webpages:
 
https://www.gov.uk/government/news/further-financial-help-given-to-property-owners-affected-by-hs2
 
A residents charter has also been produced. The compensation package includes:
 
  • The Express Purchase Scheme for those within the Safeguarded Area – this is the same procedure as already stands with Blight Notices
  • The Cash Offer or Voluntary Purchase Scheme applies to those who are located up to 120 metres from the route.  They can apply for their properties to be purchased (where outside of the Safeguarded Area) or for a cash payment of 10% of the un-blighted value (within the range of £30,000 - £100,000)
  • The Homeowner Payment Scheme is introduced to give those whose properties are between 120 and 300 metres from the railway a one off cash payment for devaluation of their properties.  This payment will not be made until the railway has Parliamentary approval
  • The Need to Sell Scheme is for those outside of the above areas who suffer a physical effect from the railway which prevents sale on the open market and who have a pressing need to sell. This is replacement for the Exceptional Hardship Scheme

Before applying applicants should consider whether the above payments are better terms than statute would grant them.  For example, the Cash Offer of 10% of property value with a ceiling of £100,000 might be bettered if any part of the railway involves part of your land being taken. The Homeowner Payment Scheme presumably is introduced in place of ‘Part 1’ payments and careful consideration should be made as to whether a higher payment might be secured through the Part 1 process.

If you need advice, click here to find your local office.
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