Renters Reform Bill – Update: Michael Gove Considers U-turn on Student Exemption
Telegraph reports Michael Gove considering U-turn on exemption from private student accommodation
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Telegraph reports Michael Gove considering U-turn on exemption from private student accommodation
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The government finally published the Renters Reform Bill on the 17th May and answered the long awaited question about the implications for landlords of student accommodation.
Read more …Maxine Fothergill, ex-ARLA Propertymark President, forecasts government concessions on minimum EPC ratings must be made.
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In a recent Nottingham City Council planning committee meeting, councilors were advised that the requirement for additional student accommodation bed spaces will rise by between 4,000 and 5,000 between 2023 and 2026.
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Nottingham City Council, in partnership with the University of Nottingham and Nottingham Trent University have published a 'Student Living Strategy'. The consultation on the strategy will run until Friday 24th March 2023.
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Chancellor Jeremy Hunt's Spring Budget delivered on 15th March 2023; it sees corporation tax rise to 25%, the highest rate since 2012. The 19% rate was one of the most competitive in the world, and now at 25%, the UK's top rate is now above the EU27 average rate of 21.16%.
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Nottingham City Council have launched a consultation about extending their Additional HMO licensing scheme for a further five years.
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A report from the Levelling Up, Housing and Communities Committee has backed key proposed changes to government plans, including making all student tenancies exempt from plans to make very tenancy open ended.
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The Bank of England's Monetary Policy Committee decided to raise the Bank Rate by 0.5 percentage points to 4% in February 2023; this is the 10th successive rate increase.
Read more …Both the new Additional and Selective Licencing schemes being introduced by Birmingham City Council are due to start on June 5, 2023. The council have issued an update on their website about when they expect applications to be made.
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