The government has confirmed that a Building Safety Levy will come into effect on 1 October 2026. It’s part of the ongoing reforms following the Grenfell Tower tragedy, designed to improve building safety and ensure that developers contribute to fixing past issues such as unsafe cladding.
But what does this new levy mean for property owners, and how might it affect rebuild costs and insurance valuations?
What is the Building Safety Levy?
The levy is a charge that developers must pay when seeking building control approval for new residential projects, including student accommodation. It will . . .
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