property-compensation-consultation

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News article

HS2 Property and Compensation consultation

July 2014

rural consultancy news

HS2 have opened a compensation consultation for properties along the proposed route from London to the West Midlands.

http://hs2.org.uk/developing-hs2/consultations/phase-one/property-consultation-2014

The consultation is on two proposed compensation schemes;

  • The ‘alternative cash offer’ if implemented will entitle owner-occupiers within 120 metres of the railway, who do not wish to sell their property, to a lump sum payment of between £30,000 and £100,000;
  •  The ‘home-owner payment’ if implemented will entitle owner-occupiers of property 120 to 330 metres from the centre of the railway to lump sum payments of between £7,500 and £22,500.

The consultation runs until 30 September 2014 with the intention of the schemes being launched towards the end of the year.

Fisher German are at the forefront of those advising parties affected by HS2.  Property owners and occupiers will have to consider carefully whether the above proposals offer them any benefit over existing statutory compensation.

For further information please call or email Jonathan Perks on 01295 226282, jonathan.perks@fishergerman.co.uk

For general information, please visit the HS2 section of the website here.

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