Latest News

HM Land Registry portal enhancements – a benefit to the property industry

11 August 2020

Following the announcement on 27 July that transfers of ownership of property, leases, mortgages, and other property dealings can be signed electronically, HM Land Registry has also confirmed that customers in Wales and England can now manage all portal applications and correspondence in one central place. Read More...

Government urged to speed up cladding remediation process

10 August 2020

The second report from the Industry Safety Steering Group on the progress of culture change in the construction sector was issued on 5 August, which highlighted the need for further change for the industry now, ahead of the legislation. Read More...

Consultation to reform planning system launched

06 August 2020

Housing Secretary, Robert Jenrick announced today, 6 August, the Government is ‘Planning for the Future’ and aims to overhaul outdated systems and reform the way the country builds. Read More...

Property market to continue through Aberdeen lockdown

06 August 2020

Following the announcement on 5 August by First Minister, Nicola Sturgeon, that Aberdeen is in lockdown for a period of at least seven days, the Scottish Government has published regulations clarifying the property market can still function. Read More...

Changes to fees for AML registration

Thursday 09 January 2020

The fees that estate agents will pay for Anti-Money Laundering (AML) supervision are changing.

Agents no longer need to pay an application charge to HMRC when applying to register their premises for AML supervision. The premises registration fee has been raised to £300 for each of the premises registered.

Agents will still also need to pay a ‘fit and proper test’ fee, and an approval process fee for each person tested.

Full guidance on the fee changes and the process required to register business premises for AML supervision is available on the gov.uk website. 

Estate agents are required by law to register for AML supervision and renew the registration annually. From 10 January, this requirement will also be made of lettings agents meeting certain financial criteria.

AML GUIDANCE AND SUPPORT

Agents can read more about the changes and what agents must do to register their premises on the gov.uk website.

Guidance  

Propertymark has courses and resources to help agents understand and meet their AML obligations.

AML Courses  

Estate agencies who also handle lettings are encouraged to make sure that both sides of their business are Propertymark Protected by having both NAEA Propertymark and ARLA Propertymark membership. 

Membership