On 25th October 2012, Patrick McLoughlin, the Secretary of State for Transport, announced the launch of a Property and Compensation Consultation for Phase 1 of HS2 between London and the West Midlands.
This consultation began on Thursday 25th October 2012.
The Government believes that compensation for property owners affected by the HS2 proposals must reflect the significant impact that comes with the construction of a high speed rail line. Past experience of large infrastructure projects has shown that the effect on local property markets is at its highest during the planning, design and construction phase of a project.
Given the exceptional impact of the construction of HS2, the Government believes it is appropriate to go above and beyond what is required by law. We are therefore proposing relaxations to the existing system as well as wholly additional measures specific to HS2.
This consultation asks for your views on the detail of the Government’s proposals, which include:
- A streamlined system of advanced and voluntary purchase to simplify the process for property owners in the safeguarded area and provide greater certainty for those immediately outside it
- A sale and rent back scheme to allow homeowners whose property will need to be demolished to sell their homes but remain living in them as tenants until the properties are required for the railway
- A hardship scheme to help those that need to move during the development of HS2, but are unable to sell their home despite being outside both the safeguarded area and the voluntary purchase zone
- A series of measures designed to provide confidence in properties above tunnels; and
- a framework for working with local authorities, housing associations and affected tenants to agree a joint strategy to replace any social rented housing which is lost.