Submitted on Wednesday 10th September 2014
Published on Thursday 25th September 2014
Current status: Closed
Closed: Monday 30th March 2015
Signatures: 1
Compulsory purchase compensation should be at a full market rate as if there were no planned compulsory purchase
Local residents and leaseholders compulsorily purchased are receiving less than half the compensation they should receive if their property were to be sold to developers on the open market. They are having to beg for more money and most will be made homeless. They have worked for years to buy their leases and they are the kind of people we need in Britain - industrious and creating a good economy.
We want a debate and a new law to ensure that they receive the full replacement value of a property in the same area of the same size and number of rooms so they can stay where they have lived and not suffer detriment.
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