More than 350 homeowners in England to move from the place of passing of the route London – Birmingham

The UK government agreed to buy over 350 residential properties, which are located along the new high speed railway line linking London and Birmingham. Such extreme measures had to go to clear the area, strategically important for the passage of high speed rail.

This decision will affect the interests of property owners who live along the new railway. All these people will be sent notification of the purchase of their homes and proposed new and paid compensation related to the move.

The law passed by the Parliament of great Britain, but , despite this, will have to take a lot of coordination to resolve all the nuances. Expropriation of property – the process is very unpleasant and legally complex, it includes the compensation and reasonable costs associated with the relocation of each of the owners whose interests are affected. The calculation of compensation should be based on specific market transactions and prices for similar properties. In addition, the legislation provides for compensation in the amount of 10% of the value of the property, which will average £47000 for each object.

Another issue is the payment of stamp duty, which must be freed forced buyers of new housing.

To address this issue will be a team of legal professionals according to the expropriation and compensation laws the real estate company Knight Frank, which has 100 years of experience in this field.

Change of the place of residence is always a stressful event for any person . And it is even more stressful if it is forced displacement or seizure of property. Therefore, professional expert advice should definitely help people find it easier to survive the stressful situation and get the maximum benefits.

® Maxim Savitsky. 03.10.2014 g.

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