Latest News

Selling Tenanted Property

21 February 2020

A significant period of political uncertainty, along with changes in landlord’s taxation and legislation, has contributed to landlords selling and exiting the Private Rented Sector. However, that reduction can’t all be attributed to political and taxation changes, many landlords decide to sell to release equity. Read More...

Northern Ireland house prices end the decade showing continuous growth

19 February 2020

The Northern Ireland Statistics and Research Agency have released their findings for the Northern Ireland House Price Index for the period between October and December 2019 and show the positive figures from previous quarters have continued throughout the year. Read More...

Scotland house prices end the year over 2 per cent higher

19 February 2020

The most recent report from the Registers of Scotland has revealed the average house price for a property in Scotland during December 2019 was £151,603, an annual price increase of 2.2 per cent. Read More...

£16 million to go to survivors of domestic violence

17 February 2020

Housing Secretary Robert Jenrick confirmed that 75 councils across England will benefit from funding to help boost their domestic abuse refuge services. 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