Negotiate or hang on for compulsory purchase?

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G
G1264
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One of my properties in Gateshead is in a clearance area and I've just been informed by the council that they will be applying for a CP order in the new year. I have the option of taking a valuation now, but the market is so on it's backside that it's likely I will be in negative equity even with the compensation payment. Anyone know how much leeway there is for negotiation or whether I am best placed digging my heels in and making myself a pain that they will pay to go away???
12/12/2008 00:00

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