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The Home Loss Payments Regulations increase the amount of home loss payments in England which may be payable under the Land Compensation Act 1973. A person is entitled to a home loss payment when he is displaced from a dwelling by compulsory purchase or in the other circumstances specified in section 29 of the 1973 Act.
Home loss payments are paid in addition to the compensation awarded for the value of the property taken, which is based on the open market value of the property together with disturbance payments. Home Loss payments are subject to maximum and minimum thresholds. Tenants receive a flat rate equal to the minimum payment to owner-occupiers.
The current and previous Regulations are available from the external links on the right.
