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HM Land Registry has today, 9 July issued draft guidance on the introduction of e-signatures in order to tackle the issues that legal formalities have caused during the COVID-19 pandemic.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

Easing of lockdown restrictions in Wales

Friday 29 May 2020

First Minister Mark Drakeford has today announced the latest parameters for movement in Wales. The announcement focused on allowing some social interaction but was clear that the priority is physically limiting spread.

The regulations state that non-essential retail businesses, which can comply with the physical distancing duty, should start to prepare to reopen over the next three weeks.

A decision about whether non-essential retail will reopen will be taken at the next review on 18 June and will depend on the scientific and medical evidence.

At the next review, the Welsh Government will examine options for: 

  • Re-opening non-essential retail
  • Increasing capacity for childcare and public transport to support a wider return to work 
  • Facilitating moving house to boost the housing market
  • Re-opening outdoors sites, including outdoor markets, sports courts, outdoor showrooms, and outdoor museums

Welsh residents are now permitted to meet another household in the open air at two metres distance but there is a focus on travel distance in order to restrict the spread with 'local' classed as within five miles.

Drakeford stressed that the crisis is not over, the 'R' rate of the virus has not reduced yet and there should still be as little social interaction as possible.

Propertymark continues to work with the Welsh Government, liaising on guidelines for potential safety policies to ensure the safe reopening of the property market in Wales.