Full steam ahead for HS2 compensation schemes
Early April 2014 saw the much awaited publication by the Department for Transport (DfT) of its proposed compensation schemes for those affected by Phase 1 of the High Speed 2 (HS2) high-speed rail link, extending from London to the West Midlands. This was issued following extensive consultation, including a secondary consultation running from September to December 2013, carried out following a High Court ruling and judicial review challenges to HS2.
For eligible ‘owner-occupiers’ with properties within the ‘surface safeguarded area’ (SSA), that is generally land within 60m of the proposed line, an express purchase scheme will operate. Where more than 25 per cent of the property is within the SSA, the owner-occupier will be entitled to: sell their property to the government at the full unblighted value — so as if HS2 did not exist; a home loss payment equal to 10 per cent of the property’s open market value — with minimum and maximum amounts of £4,700 and £47,000 respectively; and reasonable moving costs, including surveyors’ fees, legal fees and stamp duty land tax on a replacement property of similar value.
The government’s offer to buy must be accepted within three years of the relevant blight notice…
Click on the link below to read the rest of the Walker Morris briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
Landlords must protect tenants’ deposits and provide tenants with prescribed information, regardless of when the tenancy commenced and when the deposit was received.
In the Yam Seng case, the court was willing to imply a duty of good faith to give business efficacy to a commercial contract. Since that case, the law has been somewhat uncertain.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.