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13/03/2013
Farmers urged to protect assets from HS2


Farmers urged to protect assets from HS2

HS2

FARMERS and landowners likely to be affected by the proposed High Speed Rail northern link should be taking action now to protect their property and assets from any potential damage caused by the line, experts have warned.

Even though the Phase 2 route has not been confirmed, property owners should be keeping records and commissioning a Red Book valuation now so that satisfactory compensation can be claimed.

Speaking at HS2 seminars held at Crewe and Acton Trussell, corporate partner with Berrys at Northwich, Graham Bowcock, said: "While there is no public compensation money available at the moment for Phase 2, we are advising people to be prepared making sure they have accounts, records and documents in place when the time comes.

"Normally you would keep financial accounts for six years but with HS2 you might be arguing compensation in 20 years’ time so keep all records and documents safe until HS2 has been finalised.

"Retain all records of discussions with you bank and your landlord too as we don’t know what people are going to need in the future.”

In general, Mr Bowcock said the compensation regime was better for those who have land or property taken and any claims can include value of property, fees and expenses, severance and injurious affection and disturbance.

Farmers should also consider any plans for expansion and if these have been blighted by the prospect of the rail line, land owners may be entitled to claim for losses of income.

Mr Bowcock added: "We are guessing the Government will safeguard the line in about 18 months’ time so there will be months of uncertainly for people along the route and even when it is safeguarded it is likely to be 2016 at the earliest before they have any powers to take your property.”

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