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LBTT threshold must be implemented immediately

09 July 2020

In response to the Chancellor's Summer Statement at Westminster, the Cabinet Secretary for Finance, Kate Forbes MSP, has said that the Scottish Government will raise the threshold for Land and Buildings Transaction Tax (LBTT) from £145,000 to £250,000. Read More...

Electronic signatures for conveyancers

09 July 2020

HM Land Registry has today, 9 July issued draft guidance on the introduction of e-signatures in order to tackle the issues that legal formalities have caused during the COVID-19 pandemic. Read More...

Northern Ireland housing market to reopen

Thursday 11 June 2020

The Executive Ministers announced today in their daily update on the COVID-19 emergency that sales and lettings activity can resume under strict guidelines from Monday 15 June.

First Minister, Arlene Foster, confirmed the property industry has the highest multiplier effect in the economy and the opening of the housing market will incorporate the full end to end process from viewings to securing a mortgage and the house move.

Propertymark has worked with the Executive throughout recent months in order to set the foundations for the reopening of the housing market. We have supported the Executive in understanding the importance of the housing market and implementing workable guidance, designed to protect the safety of the public and the professionals.

The First Minister reiterated that the country remains vigilant to the threat of a second wave and for this reason, it is vital that business operates safely.

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Guidance has been provided on all aspects of the house moving process and the Department for Communities plan to engage further with stakeholders."

Arlene Foster, First Minister

Government advice