Latest News

Government announces rise in new homes built last year

20 January 2021

Figures published in January 2021 show a 111 per cent increase in housebuilding in England from July to September 2020 compared with the previous quarter. Data for the same period also show a quarterly rise of 185 per cent more dwellings completed. Read More...

Winter weather precautions

20 January 2021

Propertymark Industry Supplier, Gallagher offers practical steps that can help agents and their clients reduce the risk of damage to property as areas of the nation are set to see further warnings of more inclement weather to come. Damage caused by the escape of water from frozen pipes and other equipment can be extremely costly in repairs and disruption. Read More...

New Help to Buy: Equity Loan Scheme

19 January 2021

First-time buyers looking to purchase a home in England will continue to receive Government support under the revised Help to Buy: Equity Loan Scheme (2021-2023), which is now open for applications with buyers able to move into their new properties from 1 April 2021. Read More...

Further calls to Government to extend Stamp Duty cut

15 January 2021

A group of 50 Conservative MPs are calling on the Chancellor, Rishi Sunak to extend the stamp duty cut for properties worth less than £500,000 a further 12 months in a major boost alongside The Telegraph’s ‘Stamp Out the Duty’ campaign. Read More...

Further extension to stop business evictions

Wednesday 09 December 2020

Secretary of State for Housing, Robert Jenrick MP, announced today, 9 December, that business owners affected by the pandemic will be protected from eviction until the end of March 2021.

This final extension to protection from the threat of eviction will give commercial landlords and tenants three months to come to an agreement on unpaid rent. 

The Government is also extending insolvency measures on restricting statutory demands and winding up petitions, which were due to expire on 31 December 2020. Additionally, the restriction on landlords using Commercial Rent Arrears Recovery (CRAR) to recover unpaid rent will also automatically extend to 31 March, in line with the moratorium’s expiry date, allowing sufficient breathing space to pay rent owed.

These measures will support businesses worst affected by the pandemic, helping them to rebuild over the winter period. However, it is stressed that where businesses can pay any or all their rent, they should do so as the support is aimed at those facing financial hardship during the pandemic.

Legislation review

Jenrick also announced there will be a review of the outdated commercial landlord and tenant legislation, to address concerns that the current framework does not reflect the current economic conditions.

This review will consider how to enable better collaboration between commercial landlords and tenants and how to improve the leasing process to ensure high streets and town centres thrive the country recovers from the pandemic and beyond.

Guidance

Further guidance to support tenants and landlords to continue to work together to agree on rent payment options where businesses are struggling will be published shortly. Additional guidance, to be published early in 2021, will sit alongside the Government’s Code of Practice, published in June, to encourage all parties to work together to protect viable businesses and ensure a swift economic recovery.

Government announcement

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We are witnessing a profound adjustment in commercial property. It is critical that landlords and tenants across the country use the coming months to reach agreements on rent wherever possible and enable viable businesses to continue to operate.

Rt Hon Robert Jenrick MP, Secretary of State for Housing

 

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We have stood by businesses across the country throughout this pandemic, and as we head into the New Year, we will make sure they continue to have the support they need to keep their finances stable, protect jobs and build back better.

There is still some uncertainty ahead but knowing that they won’t be evicted by their landlord will give thousands of business owners some breathing space and the additional confidence they need to plan for their futures.

Rt Hon Ashok Kumar MP, Business Secretary