HOUSING DEVELOPMENT

[sairk]

I LIVE IN THE MIDDLE OF A REGENERATION PROJECT WHERE HOUSES ARE BEING KNOCKED DOWN AND REBUILT. WORK HAS BEEN STOPPED DUE TO LACK OF FUNDS UNTIL ? WHEN. I NEED TO MOVE AO EXTEND MY HOME WITHIN THE NEXT YEAR BUT SURVEYERS AND MORTGAGE COMPANIES HAVE SAID MY HOUSE IS WORTH £0 UNTIL WORK IS COMPLETE. IS THERE ANYTHING I CAN DO TO CLAIM COMPENSATION OFF THEM. IT IS CAUSING A HUGE DISRUPTION TO MY LIFE AND LOOKS LIKE IT IS GOING TO DO SO FOR ANOTHER FEW YEARS.
ANY ADVICE WOULD BE APPRECIATED.

[ummmm]

Caps lock off...!!

Compensation for what exactly? The work could make your house go up in value.

[Count-A-Strong]

Have you tried writing to the developers and or builders? If you could extract some dates from them this might give you a starting point to discuss the situation with building societies and surveyors.

[factor-fiction]

Hi- how long have you lived there? If you moved in within the last couple of yours then the solicitor's searches should have mentioned this project

[sairk]

Ive lived here for 8 years and nothing was mentioned till about 6 months before they commenced work. I have tried contacting various people who pass me from piller to post between council and developer, and yes I know it should increase the value of my home but completion was already not supposed to be until 2013 and now they have put a stop to work god knows when it will be so this doesn't really help my situation.

[buildersmate]

Many of these schemes are being bank-rolled by Regional Development Agencies, Count. With the recent announcement of the demise of RDAs, several schemes are being moth-balled. Not being funded by the private sector.

[Count-A-Strong]

Cheers buildersmate.