This request can be made after stage 11 if required but is more common after stage 12. A request is made under Section 52 of the Land Compensation Act 1973 for an advance payment. This is 90% of the Council’s opinion of the value of the claim. The Council’s opinion may of course be different from our own opinion or our clients. The payment is normally made within three months or made on or just after the date that ownership of the property is taken by the Compulsory Purchase.
It is important to make this request and do so correctly. We have known one client who prior to instructing us was paying a mortgage about a year and a half after the house he lost had been demolished.
Negotiations can still continue for not only the additional 10% but also any uplift if one is due.