i own flat in block council wana knock down

berty4

i have a flat in a block still with 19years on mortgage
and have been informed that in around 3 to 4 years time the council is going to knock down the hole block to rebuild new flats or bungalows, they have already emptyed and started on other blocks on same estate, the council have not been in contact with me about any of it.

will the council buy my flat of me????
do i have to accept what they offer me???
would they offer me the price i paid????????????
also 7 years ago i had to contribute to the cost of the roof whitch is suposed to last 25years will they also refund the money that i had to pay?????
or will they reacomidate me till they have done the rebuilds and offer me one of the flats or bungalows that they build???????

roger196

How have you been informed, rumour or in writing.
First read up on compulsory purchase orders. Next ring the local authority legal department to find out what is happening, get their reply in writing.
Look through the minutes of the local authority committee dealing with this for the authorisation of this action.
Ring your mortgage providers legal department for advice.
Does anybody else in the block also own their own flat, if so get together.

tim123456789

well of course the council will have to buy your flat off you

as to the rest:

no idea

tim

Bigmoney2

If you google 'compulsory purchase' you will find some relevant info.

dumpallhere

Compulsory purchase system guidance

This guidance is not a substitute for professional advice. If you think your property may be the subject of a compulsory purchase order you should seek advice from a professionally qualified person such as a chartered surveyor or solicitor, who should be able to advise on your rights and also act on your behalf if appropriate. It is best to seek professional help as early as possible.

The Royal Institution of Chartered Surveyors operates a compulsory purchase helpline which can be contacted on 0870 333 1600. This helpline puts you in touch with experienced chartered surveyors in the local area who will provide up to 30 minutes of free advice.