Land acquisition and property compensation zones
We recognise that people who live in or own property near Heathrow will be affected by its expansion.
We have identified two land acquisition and property compensation zones, a Compulsory Purchase Zone (CPZ) which includes the land and properties we need to acquire to expand the airport and a Wider Property Offer Zone (WPOZ) for eligible homeowners who live close to the boundary of the expanded airport but outside the CPZ.
As part of the consultations in relation to our proposals, we will consult on a variety of options which may impact on the boundaries of the CPZ based on the scheme recommended to government by the Airports Commission in their final report. This consultation exercise may change the extent of the CPZ
- Residential Property Policy – provides assurance for owner-occupiers of eligible properties within the Compulsory Purchase and Wider Property Offer Zones. If such owners sign up to our Bond they will receive the unaffected market value of their home and a 25% Home Loss Payment as well as their normal legal fees, moving costs and an equivalent stamp duty amount;
- Agricultural Land and Property Policy provides assurance for owner-occupiers of eligible properties within the CPZ. If such owners sign up to our Bond they will receive the unaffected market value of their home and a 25% Home Loss Payment, in addition to the market value of their agricultural land and their normal legal fees, moving costs and an equivalent stamp duty amount;
- Commercial Property Policy – ensures potentially affected owner-occupiers of small and large commercial properties understand our approach to land acquisition and the compensation offer that will be made available in respect of commercial properties within the CPZ;
- Hardship Scheme Policy – This aims to assist property owners who have a compelling need to sell their property now but have been unable to do so, except at a substantially reduced price, because of our proposals to expand Heathrow.