Latest News

Housing market continues to thrive following lockdown

29 July 2020

Propertymark's June Housing Market Report shows that one in 10 properties (10 per cent) sold for more than the original asking price as buyers compete for the successful bid on their dream home, which is the highest recorded since February 2016 where 11 per cent sold for more. Read More...

Guidance released for re-opening of housing market in Wales

28 July 2020

Today, 28 July, the Welsh Government has released guidance for the property sector and has updated its amendments to the Health Protection (Coronavirus Restrictions) (Wales) Regulations in light of the re-opening of the housing market from 27 July. Read More...

HM Land Registry to accept electronic signatures

27 July 2020

Today, Monday 27 July, the transfers of ownership of property, leases, mortgages, and other property dealings can now be signed electronically, making it simpler and faster for people to move home. Read More...

Welsh Housing market to re-open fully from Monday 27 July 2020

24 July 2020

Today, 24 July, the Welsh Government confirmed that the housing market will fully reopen on Monday 27 July 2020. Read More...

Housing Secretary greenlights £1 billion support for builders

Tuesday 11 February 2020

Millions of pounds in new loans will be paid out to support small and medium-sized firms, the Housing Secretary Rt Hon Robert Jenrick MP has confirmed in an announcement to Parliament.

The British Business Bank’s ENABLE Build Programme will shortly begin guaranteeing millions in new loans for local, independent construction businesses to deliver new homes.

Following the credit crunch in 2008 figures show that only 1,737 small to medium size builders operate in England, with more needed to help respond to the demand for new homes. The £1 billion guarantee scheme set-up by the government ensures enough credit is available to allow smaller housebuilders to enter the market. Small housebuilders often struggle to access affordable finance.

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Today I am giving the green light to a scheme that will help to fix this. Supporting £1 billion of new loans so that local builders can kickstart building, level up the country and turbocharge the housing sector.

- Robert Jenrick MP, Housing Secretary

 

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The ENABLE Build programme is a great example of using a cross-government approach to tackle an important, complex issue.

Working in partnership with the Ministry of Housing, Communities and Local Government, the Department for Business, Energy & Industrial Strategy and Homes England to address both access to finance and the UK housing shortage, the ENABLE Build programme will allow us to build on our ENABLE Guarantee’s success in supporting smaller housebuilders that have traditionally struggled to access the funding they need. 

- Reinald de Monchy, Managing Director, Guarantee and Wholesale, British Business Bank

 

Since the scheme opened for applications in May 2019, the government has received interest from specialist and mainstream lenders – including high street banks – which want to be involved in this innovative scheme to deliver homes.

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Properymark continues to lobby Government on the issues that are important to our members, and the industry as a whole.

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