Latest News

Reviewal date set for housing market in Wales to fully open

10 July 2020

First Minister, Mark Drakeford has today, 10 July 2020 announced in his statement reviewing the Health Protection (Coronavirus Restrictions) (Wales) Regulations that the Welsh Government will consider reopening the housing market, to allow viewings in occupied properties, from 27 July 2020. Read More...

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HM Land Registry has today, 9 July issued draft guidance on the introduction of e-signatures in order to tackle the issues that legal formalities have caused during the COVID-19 pandemic.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

Court case brings to light the importance of Sales Protocol Toolkit

09 July 2020

A recent case where a surveyor failed to identify serious remedial issues has highlighted the importance of using Propertymark’s Sales Protocol Toolkit to help minimise potential misconduct when selling a property. Read More...

Propertymark campaign leads to business rates relief

Wednesday 25 March 2020

After a campaign led by Propertymark, the Government have confirmed that business rates relief has been extended to estate and letting agents. This means those agency offices that have closed as a result of Covid-19 measures to restrict the spread of the virus will be now be exempted from business rates in 2020–2021.

Propertymark lobbied MHCLG, MPs and Peers as well as writing to The Chancellor, Business Secretary and Housing Minister last week to urge the relief to be extended to property agent offices. Propertymark members were also part of the campaign with many writing to their local MPs demanding action.

Eligible businesses will be rebilled by their local authority and the new bill will give them a discount of 100 per cent. If businesses have made payments in the meantime, they will be refunded by their local authority.

The Government advise that if any business has a query regarding their bill, they should get in touch with their local authority. Furthermore, guidance for local authorities on the application of the holiday will be published by MHCLG shortly.

Find your local council Government news story

The Devolved Administrations will receive funding under the Barnett formula to support businesses in Scotland, Wales and Northern Ireland.

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Today, I am removing some the exclusions for this relief, so that retail, leisure, and hospitality properties that have closed as a result of the measures announced by the Prime Minister in his statement on Monday will now be eligible for the relief. This will ensure that estate agents, lettings agencies and bingo halls that are required to close will not pay any business rates next year. Rishi Sunak, Chancellor of the Exchequer.

Mark Hayward

Mark Hayward
NAEA Propertymark Chief Executive

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We are pleased to see that the Government has listened and acknowledged the concerns from many estate and letting agencies across the country, that resulted in requests to three Secretaries of State last week for the business rates relief to be extended to estate and letting agents. This is a real boost in uncertain times and will assist all businesses that are finding it difficult to operate in the current environment.

Propertymark is continuing to work with all Governments across the UK to ensure that members are supported wherever they are operating.