Negotiate or hang on for compulsory purchase?
Other

G1264

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4 Posts

15 years ago

One of my properties in Gateshead is in a clearance area and I've just been informed by the council that they will be applying for a CP order in the new year. I have the option of taking a valuation now, but the market is so on it's backside that it's likely I will be in negative equity even with the compensation payment. Anyone know how much leeway there is for negotiation or whether I am best placed digging my heels in and making myself a pain that they will pay to go away???

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Negotiate or hang on for compulsory purchase?Other

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Negotiate or hang on for compulsory purchase?
Other