HS2 Compensation Claims Support Website Launched
Thomson Broadbent LLP, the UK’s most successful RICS regulated property compensation team has launched a dedicated HS2 compensation claims support website to help property owners affected by the safeguarding of Phase 1 of the High Speed Rail Link (HS2) from London to Birmingham – and those likely to be affected by Phase 2 when announced.
The Phase 1 safeguarding of the route by the Department for Transport protects it from any conflicting development. It also triggers the statutory rights for owners of safeguarded properties enabling them to serve a Blight Notice on HS2 Ltd, the company behind the £43bn project.
The Blight Notice allows property owners to ask the government to purchase their property at market value, under the terms of the Compensation Code in advance of construction. Owners will also be able to claim disturbance costs, such as legal and surveyors fees, stamp duty, removal expenses and a ‘home loss’ payment related to the value of the blighted property. It is therefore a financially attractive option.
As Managing Partner James Broadbent points out, “Property owners and businesses can only appoint one consultant to act on their behalf to negotiate HS2 compensation claim settlements with HS2 Ltd – so valuation is critical. Our experience of dealing with property owners affected by HS1, along with case file precedents we have in our database as a result of over 40,000 successful compensation claims could make a significant difference to negotiating maximising asset value.”
The Corby based partnership, along with its sister company Ferguson Broadbent LLP which specialises in rural and agricultural settlements, has launched a dedicated website www.hs2compensation.org to provide news, advice and support to those affected by HS2.
The emphasis is very much on timely, impartial professional advice from RICS regulated experts. James and his team of chartered surveyors will advise on the best way forward for your particular circumstances and can be contacted on 01536 264101.
It is worth noting that both firms work on a no-win, no-fee basis and that HS2 Ltd pay any fees incurred for their services.
For information Ferguson Broadbent LLP visit www.fergusonbroadbent.co.uk