HS2 Compulsory Purchase – Have you received your payment?Make Text Bigger
As most of you may know, HS2 has compulsory purchased many properties in London and the surrounding areas in which the new rail line is to be built.
We have a property that we have sold to them under the compulsory purchase demand however, it has been over 3 months since we sold it to them and yet we are still awaiting for our payment.
The property at the time was a tenanted property with great yield which we did not want to sell. They even under valued the property during the process so we did not even get the price which they promised us could be achieved, let alone advising us that we would get higher than the market value. They completely went against their word however as the process was so stressful we had to come to an agreement which HS2 did not budge a single finger so we had no choice but to settle as it took so many months back and forth we just wanted our money out and into another property.
Now we are still chasing them about the payment however all we receive is a reply advising us that they “will look into it” and when they do update us they just say “there is still no movement”. We just want our money.
Is anyone having the same issue or are experiencing any difficulties dealing with HS2?
What would be the best way to proceed if there are still no movement on this?
Any help would be greatly appreciated.
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