A quarter of Sipson residents sell homes to BAA
26.01.10
A quarter of residents of the village of Sipson, which will be wiped out if Heathrow's third runway goes ahead, have tried to sell their homes to BAA the BBC reports. BAA has offered to purchase properties within the area in its Property Market Support Bond scheme.
Proposals for the runway have made it difficult for residents from the village to sell their homes, and Heathrow operator BAA has offered to buy 400 properties in Sipson. The BBC reports that almost 100 owners have applied for their properties to be purchased, since it launched a scheme last October, and BAA has already made offers on 45.
In addition to buying the homes, the airport operator will also fund legal and removal costs and stamp duty equivalent to the value of properties at the time they are sold to BAA. But anti-expansion campaigners and residents have raised fears that the community is being destroyed and have urged residents not to sell up.
The news comes after the pub where anti-Stansted expansion campaigners SSE meet was sold to BAA. It will be knocked down if the airport operator gets permission for a new runway at the Essex airport.
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