Change in the amount of home loss payments

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.

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