PRZOOM - /newswire/ -
Sutton Coldfield, West Midlands, United Kingdom, 2012/01/13 - The Government's controversial decision to give the HS2 rail link the green light will have serious implications for Conveyancers. What does this mean and what help and advice is available.
The Government’s controversial decision to give the green light to HS2 will create winners and losers along the route. The implications for Conveyancers are serious with many homes, buildings and large areas of land facing demolition, devaluation, disruption or blight. Practitioners involved in commercial or property transactions need to be aware of whether HS2 is likely to affect a property. Those that ignore or fail to investigate fully the potential impact of HS2 risk claims of negligence. Existing Local Authority searches will only reveal if a property is within 200m of the proposed route, but property outside this zone will also be affected by the construction and operation of HS2.
So how can you find out if a property is near to the proposed route and what support is available for Conveyancers.
Searchpoint are an electronic conveyancing search provider and are currently the only company that will give you a “Search Alert” if the property falls within 2kms of the proposed route. The free service tells you the exact distance to the nearest point of the route and also allows you to view the route and the property location on a map. Tony Clarke, Searchpoint Director added “We recognise the need for search providers such as ourselves to add value to the process and as such we have developed the technology that provides conveyancers with valuable information that helps them decide whether further investigation is necessary. The DfT website gives detailed plans of the line of the route however checking these maps on every transaction is time consuming. Our HS2 Search Alert, Distance Calculator and Proximity Map are provided free of charge for every case created on Searchpoint and is part of our wider commitment to save residential and commercial practitioners time and money.”
HS2 will be a Y-shaped rail network with stations in London, Birmingham, Leeds, Manchester, Sheffield and the East Midlands linked by high speed trains conveying up to 26,000 people each hour at speeds of up to 250mph.
High speed trains will also connect seamlessly with the existing West Coast and East Coast main lines to serve passengers beyond the HS2 network in Edinburgh, Glasgow, Newcastle, Durham, York, Darlington, Liverpool, Preston, Wigan and Lancaster.
It will be built in two phases. The first will see construction of a new 140 mile line between London and Birmingham by 2026. The second phase will see lines built from Birmingham to Leeds and Manchester by 2033. A formal consultation on second phase routes will begin in early 2014 with a final route chosen by the end of 2014.
The first phase of HS2 will include a connection to Europe via the Channel Tunnel. On completion of HS2 the network will include a direct link to Heathrow Airport.
Further information on HS2 and details of Searchpoint’s service can be found on Searchpoint.co.uk/.