Latest News

Government announces rise in new homes built last year

20 January 2021

Figures published in January 2021 show a 111 per cent increase in housebuilding in England from July to September 2020 compared with the previous quarter. Data for the same period also show a quarterly rise of 185 per cent more dwellings completed. Read More...

Winter weather precautions

20 January 2021

Propertymark Industry Supplier, Gallagher offers practical steps that can help agents and their clients reduce the risk of damage to property as areas of the nation are set to see further warnings of more inclement weather to come. Damage caused by the escape of water from frozen pipes and other equipment can be extremely costly in repairs and disruption. Read More...

New Help to Buy: Equity Loan Scheme

19 January 2021

First-time buyers looking to purchase a home in England will continue to receive Government support under the revised Help to Buy: Equity Loan Scheme (2021-2023), which is now open for applications with buyers able to move into their new properties from 1 April 2021. Read More...

Furlough scheme extended until 31 March 2021

Thursday 05 November 2020

The Chancellor of the Exchequer, Rishi Sunak, has announced today, 5 November, that the Job Retention Scheme will be extended, acknowledging the need for further financial support to protect jobs following the national lockdown in England, the firebreak in Wales and the local restrictions in Northern Ireland and Scotland.

This will be more good news for the property industry after the confirmation that the housing market will be able to continue through the new national lockdown in England.

The Scheme, often referred to as the Furlough Scheme, would continue to contribute 80 per cent of employees wages up to £2,500 per month for the duration of the extension. However, the Job Retention Bonus, which included a £1,000 payment for businesses that brought back furloughed staff for a minimum period, will now be cancelled.

Other positive news announced by the Chancellor is that the Self-Employment Income Support Scheme Grant will also be extended and will now cover 80 per cent of expected trading profits between November to January.

Turning to the question of schemes in Wales and Scotland Sunak confirmed there will be more funding for the devolved Administrations, increasing from £14bn to £16bn.

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Extending furlough and increasing our support for the self-employed will protect millions of jobs and give people and businesses the certainty they need over what will be a difficult winter.

Rt Hon Rishi Sunak MP, Chancellor of the Exchequer

Read the full announcement

More financial support

For more information on financial support during the Coronavirus pandemic, our news story from Tuesday 3 November provides a summary of what is currently available.