The Financial Conduct Authority (FCA) has confirmed a wide-ranging review of mortgage rules to support sustainable home ownership while ensuring standards of consumer protection remain high. The reform signals positive change on the horizon for first- and last-time buyers, self-employed people, and vulnerable customers, who may have experienced limited access to borrowing under the current rules.

Propertymark has worked tirelessly to ensure members’ voices are heard, practical concerns are addressed, and reforms are workable as the UK and devolved governments have pushed ahead with major legislative changes. Long-standing challenges around supply, affordability and standards have remained firmly in focus, and we will continue to scrutinise legislation, challenge unclear proposals and provide practical guidance to support members as reforms move from policy into practice across the UK.

The latest figures reveal a steadier, more confident property market, with committed buyers driving sales and rental arrears falling to their lowest level since 2022. In spite of slight dips in demand, rising stock levels and stabilising rents signal a sector gradually finding its balance.

Member feedback has highlighted the growing phenomenon of AI tools helping consumers create detailed, legal-sounding complaints in minutes. While many complaints are reasonable and well-intentioned, the speed and volume made possible by AI are creating new pressures for property agents, especially smaller firms with limited staff capacity. Propertymark is working to ensure members are supported through clear guidance, professional standards, and a strong voice with policymakers.

Propertymark head office is the proud home of a giant circus-themed gavel which was sold as part of the Bidpath Foundation’s Gavel Art Trail and Charity Auction in November 2025. The Foundation was set up in honour of Bidpath colleague and NAVA Propertymark Advisory Panel member George Wade following his brain tumour diagnosis in 2024. It aims to raise funds for underrepresented causes through community-led auction initiatives.

Head of Policy and Campaigns, Timothy Douglas, met senior officials at the Foreign, Commonwealth & Development Office (FCDO) on 8 December to discuss how economic crime affects the property sector, particularly the role of real estate in laundering illicit wealth and the regulatory gaps that can facilitate this activity. Meanwhile, the UK Government published its Anti-Corruption Strategy 2025, setting out plans to strengthen the UK’s defences against illicit finance.

It has been argued that the existing planning system is no longer fit for purpose, that it is blocking the delivery of new homes. Across the UK, national governments have looked to reform the planning sector—Propertymark explores if this will be enough to build the homes we need.

A post-legislative review of the Ivory Act 2018 has been published by the UK Government, examining how the ban on dealing in ivory is operating and whether further changes are required. Selling, hiring, exporting, or commercial ivory dealing will continue to be prohibited, except in limited circumstances such as certain musical instruments, portrait miniatures, and items of outstanding artistic value.

The Scottish Government has confirmed it will bring forward new legislation to amend the Visitor Levy (Scotland) Act 2024, giving councils more flexibility in how they design and run local schemes. This sits alongside the existing timetable for visitor levies to start from spring/summer 2026, with Edinburgh already committed to introducing a 5% levy on overnight stays from 24 July 2026.

The Scottish Government has announced a new national drive to match empty homes with people who want to buy and renovate them, a practical step aimed at reducing the country’s 43,000 long-term empty properties and easing pressure across the housing system. For agents, especially those operating in rural or regeneration areas, this offers new opportunities to support owners, connect with motivated buyers and help local authorities increase housing supply.

The Central England Trading Standards Authorities (CEnTSA) has published a report on a three-year enforcement project across the West Midlands that targeted CMP failures by letting agents and helped protect more than £11.1 million in client money. Propertymark’s compliance team supported the operation by answering hundreds of enquiries from Trading Standards and providing witness statements when required.

Despite weeks of speculation, the Chancellor’s speech contained no changes to Stamp Duty and, disappointingly, no announcement on LHA rates , which remain frozen. However, Rachel Reeves, MP, has pushed ahead with plans for a ‘mansion tax’ on properties worth over £2 million, an increase in property income tax, and increases to the National Minimum Wage.

The British Institute of Innkeeping (BII) launched the Panel to give publicans reliable, specialist support on property and valuation matters. Advisors are selected only after demonstrating rigorous professional standards, deep sector expertise, and a strong track record, and we are delighted that three Propertymark members have been appointed to this national panel.

Propertymark audit visits are receiving excellent feedback and giving firms greater confidence in their compliance processes—challenging the perception that audits are designed to catch agents out. Increasingly, members use the visits as a practical check on how daily procedures work and to identify improvements early.

Propertymark shared member survey data to illustrate the challenges faced by agents when the UK Government requested evidence on how the UK Money Laundering Regulations could be improved. Ministers have listened, and regulations expected to take effect in early 2026 will have sensible changes to Customer Due Diligence and improve access to compliant business banking services for agencies.