Increase in home loss payments
Increase in home loss payments
- 2004
- ODPM News Release 2004/0150 30 June 2004 (1) .
From 1 September 2004 increased compensation will be available to people whose homes are bought compulsorily for all types of development; including regeneration projects. The maximum home loss payment will increase from £31 000 to £34 000 and the minimum will increase from £3 100 to £3 400. In addition to this, owner-occupiers are also given the market value of their home and disturbance compensation (subject to thresholds). http://www.odpm.gov.uk/pns/DisplayPN.cgi?pn_id=200 4_0150
Compulsory purchase
HOME LOSS PAYMENT
REGENERATION
COMPENSATION
From 1 September 2004 increased compensation will be available to people whose homes are bought compulsorily for all types of development; including regeneration projects. The maximum home loss payment will increase from £31 000 to £34 000 and the minimum will increase from £3 100 to £3 400. In addition to this, owner-occupiers are also given the market value of their home and disturbance compensation (subject to thresholds). http://www.odpm.gov.uk/pns/DisplayPN.cgi?pn_id=200 4_0150
Compulsory purchase
HOME LOSS PAYMENT
REGENERATION
COMPENSATION