Latest News

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HM Land Registry has today, 9 July issued draft guidance on the introduction of e-signatures in order to tackle the issues that legal formalities have caused during the COVID-19 pandemic.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

Welsh Gov issues notice on property sector and non-compliance

Wednesday 10 June 2020

The Welsh Government has issued a notice to Propertymark on the continued closure of estate and lettings agencies and under the current health protection regulations, non-essential retail businesses remain closed.

Virtual viewings can continue where feasible for agents to do so, and house moves are permitted if they cannot be postponed whilst following safety guidance.

Propertymark has provided members with resources and information to comply with the rules and raised issues with the Welsh Government about non-compliance.

Health protection regulations

Reporting agents who break the rules

The notice from the Welsh Government outlines that concerns about a specific letting or estate agent opening their premises or otherwise not operating within the regulations can be reported to the local authority trading standards or environmental health department who will investigate and take the appropriate enforcement action.

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The First Minister will assess options for reopening more of the housing market as part of the next review of the Regulations on 18 June.