HOMEOWNERS affected by the HS2 rail line are urged to look at the ‘exceptional hardship scheme’ by a Knutsford firm of chartered surveyors.
Despite the lengthy timescales involved – the northern section will run through Tatton – it is unlikely to open until 2032 or 2033 but the route announcement can affect property immediately.
Those with property close to the proposed northern section of HS2 should familiarise themselves with the purchase and compensation process, which is expected to follow a similar format as the London to Birmingham phase.
Hugh Maxfield, of chartered surveyors Fisher German based on Tatton Street, said: “The Government has also commenced consultation today on an Exceptional Hardship Scheme for the northern phase.
“This scheme and its replacement Advanced Voluntary Purchase Scheme is already available for the London to Birmingham phase, and should assist some residential and small business property owners.
"In the meantime some steps may be considered in advance. Businesses will want to ensure they have the right ownership structure in place to minimise the impact of HS2.
"Property owners may wish to crystallise latent planning or development potential before the route is safeguarded, to add value to their property and maximise compensation in due course.”
For more information contact Hugh Maxfield on 01565 757970