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Displaying 342 results
David Lammy for news article .jpg
23 May 2024
Labour's Lammy sets sights on tackling financial crime

In a keynote speech at a conference held by the Institute for Public Policy Research (IPPR) on 21 May 2024, Shadow Foreign Secretary David Lammy MP, announced policies to combat corruption, including increased registration requirements for trusts which are widely used to disguise the ownership of assets such as property.

High street to let
17 May 2024
High street auctions set to fill empty properties

The UK Government has announced that new powers to enable local authorities in England to regenerate high streets and fill empty shops will be in place by summer 2024. Propertymark welcomes the move, but we would like to see more detail on which areas will benefit the most, how the powers will be funded, and how they will be used in practice by councils.

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13 May 2024
Proposals to scrap lease renewal rules under discussion

The Scottish Law Commission has opened a consultation on the Tenancy of Shops (Scotland) Act 1949, which deals with commercial lease renewals for retail, food and drink, hair and beauty and wholesale tenants. They are seeking the views of agents, tenants, and landlords on whether there is still a need for the Act, and whether it should be repealed, replaced, or reformed.

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09 May 2024
Ground rent reforms at risk of being diluted after resistance from Treasury

Over 30 Conservative MPs have written to Chancellor Jeremy Hunt expressing concern that plans for reform are being weakened as the Leasehold and Freehold Reform Bill progresses through parliament. In particular, and despite a promise in the 2019 Conservative manifesto, it is now expected that ground rents will be capped at £250 per year instead of being cut to zero.

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08 May 2024
Further Regulations confirmed under the Private Tenancies Act

Following the enactment of Sections 1-6 of the Private Tenancies Act (Northern Ireland) 2022 on 1 April 2023, the Department for Communities has outlined that two further phases, Sections 8 and 10, will come into force by the end of 2024.

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03 May 2024
Housing Minister sets expectations for Safety Case Reports

The Housing Minister, Lee Rowley, MP, and Philip White, Director of Building Safety for the Building Safety Regulator, have published a joint open letter to building managers addressing the issue of charges associated with managing safety in buildings over 18 metres.

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29 Apr 2024
Issue 55: Summer 2024

In this summer issue, long-standing members reflect on their start in the property profession and we asked experts from Belvoir group to share their views on agent training and qualifications, and how they will both impact the future of our sector. The policy update looks at short-term lets which are under the spotlight from legislators.

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22 Apr 2024
Essential HM Land Registry services for estate agents

There are numerous ways that upfront information can help agents in today’s property market, including making it easier to value and list a property, and streamlining the buying and selling process . Propertymark encourages members to verify property details with HM Land Registry (HMLR) as best practice, particularly following the publication of Trading Standards’ full material information guidance in November 2023.

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19 Apr 2024
Commercial Outlook Q4 2023

It is clear from member sentiment, that economic uncertainty, and interest rates in particular, are continuing to weigh on the commercial property market. Supply and demand imbalances continue in key sectors, suggesting that there will be a challenging start to 2024.

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17 Apr 2024
Over 250 agents fined for AML non-compliance

HM Revenue and Customs (HMRC) has announced that fines totalling over £1.6 million have been issued for a variety of breaches including missing documentation, incomplete due diligence, and failures to recognise specific risks, such as Politically Exposed Persons, high risk jurisdictions, companies, trusts and sanctions.

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16 Apr 2024
Loopholes in Rent-to-Rent must be closed to avoid abuse

Trading Standards is examining the impact of Rent-to-Rent and Guaranteed Rent (R2R) schemes on the private rented sector (PRS) in England, with the aim of identifying and evidencing areas of good practice, and issues of relevant non-compliance or emerging concerns. Propertymark was invited to provide input to an exploratory consultation as an interested party.

NAEA Commercial window sticker
10 Apr 2024
Commercial agents, remind landlords to check insurance policies regularly

NAEA Commercial Advisory Panel and Propertymark Board member Michael Sears, MNAEA MARLA MNAEA (Comm) MNAVA HIDip Ndea, has cautioned against complacency when it comes to commercial buildings insurance to avoid the frustration of claims being invalidated.

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08 Apr 2024
Propertymark backs the next proptech revolutionaries

We’ve formed a landmark co-investment partnership with TDS to boost funding for REACH UK, a technology scale-up program which helps innovative new technology companies grow in the property sector through education, mentorship, and market exposure.

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08 Apr 2024
Agents need land revenue services to be accessible and affordable

HM Land Revenue (HMLR) provides vital information for agents listing properties to let and sell and completing the sales process. Quick, cost-effective access to these services is more important than ever as the industry adjusts to the latest material information guidance.

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08 Apr 2024
Brownfield planning policy must promote quality homes

Propertymark is encouraging the UK Government to explore all viable methods of increasing the delivery of homes, however, the approach must not lose sight of the importance of creating decent homes that people want to buy in the places they want to live. In our consultation response to the Department for Levelling Up, Housing and Communities (DLUHC) we suggest improvements to their proposals that will help avoid unintended consequences.

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28 Mar 2024
Propertymark has authoritative voice on UK money-laundering risk

Every two years, the European Commission assesses the risks of money laundering and terrorist financing affecting both the EU internal market and cross-border activities. As a member of CEPI, the European Association of Real Estate Professionals, we work with them to provide the perspective of the UK market.

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