Report finds HMRC ‘broadly’ fulfilling AML supervision role

Tuesday 30 March 2021

HMRC has published a self-assessment of its money laundering supervisory performance, which is broadly in line with the relevant Money Laundering Regulations and OPBAS sourcebook, however stating there was room for improvement.

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Guidance for members unchanged as England moves to next stage of roadmap

Monday 29 March 2021

From Monday 29 March the UK Government will start to ease lockdown restrictions on social contact, business and activities, and travel in England. Whilst there will be no changes to safety guidance for the property sector, Propertymark is reviewing the guidance that has supported members to work safely and given the UK Government the confidence to allow agents to keep working throughout lockdown.

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February saw one in nine properties sell for more than the asking price

Monday 29 March 2021

The effect of the property tax holidays sees the housing market continue to flourish with further records and all-time highs.

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First-time buyers to continue receiving support in Scotland

Thursday 25 March 2021

The Scottish Government’s First Home Fund scheme will re-open on 1 April 2021, which has a budget of £60 million available for the financial year 2021-22 to provide first-time buyers with up to £25,000 to help them buy a property, which can be used for both new build or existing properties.

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Housing market continues to show strong levels of activity

Wednesday 24 March 2021

Housing markets are flourishing, with many experiencing high levels of demand and houses being sold on a best and final offer basis in much of the UK. Following the UK Government budget at the start of March, the latest figures for England continue to show growth.

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Consultations and research announced in drive for net zero in the commercial property sector

Wednesday 24 March 2021

The Department for Business, Energy & Industrial Strategy (BEIS) is looking for views from the sector on how best to implement energy efficiency plans for commercial and industrial buildings in England and Wales.

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Agents urged to support lone workers

Wednesday 24 March 2021

With many agents required to work alone, it is important employers put in place measures to ensure their safety. After the tragic disappearance in 1986 of estate agent, Suzy Lamplugh, the Trust, in her name, provides guidance for workers to reduce the risk of violence and aggression.

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Treasury announces tax administration reform and new proposals in first-ever ‘Tax Day’

Tuesday 23 March 2021

HM Treasury has released its ‘Tax Day command paper’ designed to allow further scrutiny on tax announcements that would normally take place during the budget.

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Leasehold terms to be removed by Countryside and Taylor Wimpey

Friday 19 March 2021

The Competition and Markets Authority (CMA) has told Countryside Properties and Taylor Wimpey to remove certain contract terms that require leaseholders to pay ground rents that double every ten or 15 years.

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Next steps for leasehold reform in Wales

Wednesday 17 March 2021

The Welsh Government has published new research into the sale and use of leaseholds where the Housing Minister, Julie James MS, sets out her intentions for reforming the sector. The action plan considers other evidence from the Task and Finish Group on Leasehold Reform and recommendations made by the Law Commission.

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ICO registration mandatory for all businesses

Tuesday 16 March 2021

Any business or sole trader who processes personal information must register with the Information Commissioner’s Office (ICO) under the Data Protection Act 2018 and failure to register is a criminal offence.

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Fine underlines importance of having CMP

Monday 15 March 2021

Propertymark has received a report that a letting agent in Kensington and Chelsea has been issued a fine of £20,000 for not belonging to a Client Money Protection scheme, despite applying to join one. The case underlines the importance of having Client Money Protection (CMP), with Trading standards taking action even when an application is in progress.

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Homebuyers now able to use smartphones to prove identities

Friday 12 March 2021

HM Land Registry has launched its first Digital Identity Standard to make identity verification safer and more convenient for anyone buying property in England and Wales.

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Welsh Government launches new Help to Buy Equity Loan Scheme

Friday 12 March 2021

From 1 April 2021, a new Help to Buy scheme will be introduced in Wales, replacing the current scheme which closes to new applications on 31 March 2021.

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Welsh and UK Governments extend measures to protect businesses from eviction

Thursday 11 March 2021

Businesses that have been affected by the Coronavirus pandemic will now be protected from eviction until the end of June 2021 in England and Wales.

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Rapid COVID-19 tests available to all businesses regardless of size

Tuesday 09 March 2021

All employers in England can now sign up for the UK Government’s free workplace testing programme. This includes businesses employing fewer than 50 people, previously required to attend community testing sites.

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Propertymark releases action plan for next Welsh Government

Monday 08 March 2021

With the Welsh elections due to take place in May, Propertymark has published its manifesto containing key asks to support the housing sector in Wales.

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Timescales for completion in the private-treaty world

Monday 08 March 2021

Propertymark Industry Supplier, SDL Property Auctions, discuss how the property industry is feeling the effects of months of extreme demand, resulting in prolonged completion times and impeding estate agents’ cash flow and how agents can speed up the process and secure long overdue sales with the stamp duty holiday extension through auctions.

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Land Transaction Tax (LTT) nil rate band extended

Thursday 04 March 2021

On 3 March 2021, the Welsh Government announced that the temporary increase to the nil rate band of LTT for residential property transactions will be extended to 30 June 2021.

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Campaign leads to extended Stamp Duty holiday

Wednesday 03 March 2021

The Chancellor has listened to Propertymark’s calls to avoid a cliff-edge deadline to the Stamp Duty Land Tax holiday in the UK Government’s budget, today, 3 March 2021. The nil rate band up to £500,000 will end on 30 June, instead of March. A transitional nil rate band up to £250,000 will be in place until the end of September and then return to £125,000 from October, with first-time buyers continuing not to pay stamp duty on properties up to £300,000.

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