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Originally Posted by entwisi
It will be compulsory purcahase, Heres 50%(if your lucky) of the value of you house now move along without a fuss there..
Oh, you can't afford anywhere to live, tough!
Do we have a full list of the streets involved? I have relatives in that area and up to now it was only thought to be an investigation. If things have been decided then I need to let people know.
Ian
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CPO involves the full market value of a property by law and on top residents are being given sizeable relocation grants. These are to be replaced possibly by equity loan schemes at the cost of inflation with variable options to purchase - bit like RTB. Loan equity schemes solve the problem of the £30k relocation grant not being enough. It would be benficial to identify the streets to be demolished but housing experts think this would help landlords and speculators and result in greater demand on the public purse buying them off landlords later.