Under the Home Loss Payments (Prescribed Amounts) (England) Regulations 2014, where something meets the qualifying conditions for a home loss payment, the new amounts will be:
- For those who are owners (including leaseholders), the amount will still be calculated as being 10% of the market value, but now subject to a minimum of £4,900 and a maximum payment of £49,000; and
- For all others (including tenants) £4,900.
The Regulations only apply to:
- Cases where the date of displacements is on or after 1st October 2014; and
- England only.
If you would like further information in relation to home loss payments, either generally or in relation to specific circumstances, please contact:
Emma Duke on 0121 214 3617 or emma.duke@anthonycollins.com;
or Helen Tucker on 0121 212 7459 or helen.tucker@anthonycollins.com.
Latest news
Social purpose law firm Anthony Collins announces a string of promotions
Social purpose law firm, Anthony Collins, has announced eight associate and senior associate promotions spanning several sector-facing teams, as part of an ongoing focus on investing in its employees.
Wednesday 1 May 2024
Read moreNew code puts complaint handling in the spotlight
he updated Housing Ombudsman’s (HO) Complaint Handling Code (the New Code) will become a statutory requirement on 1 April 2024 and will bring a significant step change for registered providers (RPs).
Monday 25 March 2024
Read moreLatest webinars and podcasts
PODCAST: 12.07% holiday accrual is back… But not for everyone!
In the podcast we will outline the new Working Time Regulations legislation in detail, noting when the provisions coming into force, whilst also providing practical examples and guidance for employers across all sectors.
Friday 1 December 2023
Read moreRenters Reform Bill webinar – June 2023
The Renters Reform Bill proposes a seismic change to housing management practices, abolishing assured shorthold tenancies and 21 notices entirely and making changes relating to rent increases, pets, possession grounds and more.
Friday 18 August 2023
Read more