Landlord Voice Magazine January 2016 - Nottingham | Page 4

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ottingham, like most major UK cities has suffered
decline since the start of the recession, with rates
of new firm formation falling sharply during and
afterwards but this trend is on the reverse now.

According to Companies House data the number
of new business registrations in 2014-15 jumped by 68
per cent – putting it at the top of the table compared with
other cities such as Bristol and Birmingham at 40 and 39
per cent respectively.

The economic outlook for Nottingham is one of a
city making steady progress towards recovery but what sets it apart
from other regional centres at the moment is its standard of living.

Its lively and picturesque city centre is teeming with bars
and atmospheric old pubs, restaurants, theatres and galleries and
shopping for all tastes and wallets sizes, while the wider city offers
beautiful parks, sporting venues and easy access to countryside.

Transport is cheap and plentiful – with the recently completed
20-mile long tram system providing a reliable and frequent service
to many of its suburbs.

This is a city with a cost of living which is more than 20 per
cent lower than that of London but which offers all the attractions
of a big city.

Perhaps this is why the University of Nottingham was ranked
seventh in Lloyds Bank’s University Quality of Student Life Survey
due to the city’s shops, bars, pubs and amenities.

And as home to names such as Paul Smith, Hugo Boss, Joules,
Ted Baker, L’Occitane, Jo Malone, Vivienne Westwood and Jack Wills
it has been ranked fifth in the UK for shopping.

So, this month we take our usual look at the options for those
looking at settling in the city and how much property sells and rents
for here.

We chat with a landlord who avoided short-cuts and has
learned some very useful tips while doing it the hard way and in the
news section the Government is feeling the heat as more and more
criticism is heaped on its housing policy.

Ben McVay
Ben McVay, Landlord Voice Editor

4 | LandlordVoice | January 2016

Government feels
the pressure over
housing policy

A

s
commentators
across the board
herald the end of
buy-to-let due to severe
tax changes proposed in
the Government’s 2015
summer budget it has hit
the headlines time and
time again during the last
few weeks.

And with landlords
wondering
what
the
future holds for their hardearned Landlord Voice
takes an in-depth look at
the latest developments
and commentary on this
crucial subject.

Landlords Mount
Legal Challenge
T

wo
property
investors
raised £50,000 in just one
week to fund a judicial review
which they hope will overturn
plans laid out to scrap the
current mortgage interest tax
relief available to landlords.

The pair’s objection
must be lodged by 17th
February and will be based on
the argument that the move
flies in the face of tax rules
which state expenses incurred
exclusively for the purposes of
a business are deductible when
calculating taxable profits.

Chris Cooper and Steve
Bolton, the two landlords
mounting the legal challenge,

are a part-time landlord using
buy-t