Under the compensation code there are a number of loss payments which can be paid, subject to claimants meeting the requisite qualifications.

If you are a qualifying occupant of a residential property you may be entitled to a Home Loss Payment which equates to 10% of the Market Value of your interest, subject to a minimum payment of £6,100 and a maximum payment of £61,000.  Residential tenants may qualify for the minimum payment of £6,100.

Under the Planning and Compulsory Purchase Act 2004, property investors and business owner occupiers who meet the qualifications can claim a Basic Loss Payment.  This payment is calculated at 7.5% of the value of an interest up to a maximum sum of £75,000.  In addition, an “occupier”, whether they be an owner occupier or a business tenant (subject to qualification criteria) may also be entitled to an Occupier Loss Payment.  This payment equates to an additional 2.5% of the value of the interest, or £25 per sq m of building taken (or £2.50 per sq m of land) subject to a minimum sum of £2,500 and a maximum payment of £25,000.

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Our team fully understand the procedures, statute, case law, how compensation is calculated and how a claim should be presented. We are accustomed to dealing with Acquiring Authorities and are fully acquainted with all the arguments and counter arguments that can be put forward in order to achieve the best possible result.

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