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HM Land Registry has today, 9 July issued draft guidance on the introduction of e-signatures in order to tackle the issues that legal formalities have caused during the COVID-19 pandemic.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

Protection from commercial landlord evictions

Tuesday 24 March 2020

The UK Government announced on 23 March 2020 commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction meaning no business will be forced out of their premises if they miss a payment in the next three months.

After this period commercial tenants will still be liable for rent and, therefore, the UK Government is monitoring the impact on commercial landlord’s cash flow. The measures are included in the Coronavirus Bill.

The Bill also includes new measures to ensure that Business Improvement Districts (BID) are equipped to manage the impact of the crisis on local economies and helping town centres and high streets recover.

The change will come into force when the Coronavirus Bill receives Royal Assent. It will last until 30 June 2020, with an option for the Government to extend if needed. It will apply to England, Wales and Northern Ireland. 

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This measure will provide companies with an essential safeguard in these highly unusual times as they deal with the impact of coronavirus. This is part of the unprecedented package of support we have put in place to protect jobs and livelihoods right across the country.

Alok Sharma MP, Business Secretary, 

 

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It goes without saying that we are in the most uncertain of times. Commercial landlords and tenants have traditionally been adversaries who always knew they had to rely on each other to do business.

The measures brought in by the government in light of the COVID-19 crisis will help landlords and tenants work together to get through this prolonged period of economic uncertainty.

Propertymark members can help both sides by being fully informed about government contingency measures but be aware when offering advice that these measures may change as the crisis continues.

Michael Hughes, NAEA Commercial Board Member

 

Government business support hub  Coronavirus Bill

BUSINESS RATES

Despite these proposals, estate and letting agents will still be paying business rates for offices. Propertymark is leading the campaign to ensure that estate and letting agents receive the business rates relief as announced by the Chancellor for other high street premises. To support the campaign, write to your MP about business rates relief and ensure it is extended to property agents.

Write to your MP