EPC reforms designed to underpin net zero journey
Energy Performance Certificates (EPCs) in Scotland are to be revised and updated to give consumers a clearer picture of their home’s energy performance and link better with the drive to cut emissions from buildings. The proposed changes include a new rating system with clearer information on the fabric energy efficiency of a property, the emissions, efficiency and running costs of its heating system, and the cost of energy to run the home.
Issue 58: Spring 2025
This issue introduces Connect, a new lead-generation platform designed to enhance collaboration among property professionals. As a core benefit of Company Advantage, Connect allows agents to generate and manage leads efficiently across the UK and beyond. Other topics covered include flexible office spaces, employee ownership trusts, and sustainability initiatives.
Fact sheet: Writing a risk assessment
Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the MLRs) all Estate Agency Businesses and Letting Agency Businesses with properties that have a monthly rent that is the equivalent to 10,000 Euros or more, must produce a risk assessment.
Fact sheet: UK sanctions reporting obligations
Under the Sanctions and Anti-Money Laundering Act 2018, the UK Government introduced a new regime of issuing financial sanctions following the UK’s departure from the European Union. Under the Act, businesses specified in the Act have to report to the OFSI if they suspect they are engaging with a client who is under financial sanctions.
Housing insight report: December 2024
Winter is historically quieter in the sales market as people hunker down for the festive period. However, with the announcement that many will see increases in their Stamp Duty bill from April 2025, in some cases costing the average buyer thousands of extra pounds, we expect there to be a noticeable shift in activity moving into 2025.
Major Build-to-Rent scheme opens in Wandsworth
Legal & General (L&G) has announced the completion of one of the UK's largest purpose-built rental developments, with 1,034 homes across 18 buildings, marking one of the UK’s most significant Build-to-Rent (BTR) schemes, to date. As BTR continues to reshape the private rented sector, Propertymark offers a specialist training course to help agents stay ahead in this growing market. Covering investment trends, legal frameworks, and tenant expectations, the course equips professionals with the knowledge to navigate this evolving sector.
AML registration failures place hundreds of agents and auctioneers in jeopardy
The most recent compliance and registration penalties published by HM Revenue and Customs reveal 144 agents sanctioned between October and December 2023. Most fines were for failing to register at the required time, and the amounts ranged from £1,250 to £52,000. However, the largest fine on the list is for a High Value Dealer ordered to pay £175,701 for multiple failures in carrying out risk assessments, having the correct policies, controls and procedures, appropriate staff training, conducting due diligence, and record keeping.
Propertymark shares member voices in Housing Bill forum
Timothy Douglas, Head of Policy and Campaigns at Propertymark, provided evidence on the Housing (Scotland) Bill to the Local Government, Housing and Planning Committee of the Scottish Government on 28 January 2025, highlighting significant concerns from our members and stressing the proposed measures fail to address the critical housing supply challenges.
Unique scholarship opportunities open for aspiring property professionals
The Propertymark Trust has launched a programme of financial support offering grants covering up to 100% of the costs for a Propertymark Qualifications Level 3 (SCQF L6 in Scotland) Certificate in Property Agency, helping learners take a step toward professional growth and helping to shape the future of the property industry.
Revolutionising the rental market with deposit alternatives
As the cost of living continues to rise, many renters are finding it harder than ever to save for the traditional upfront deposit required when signing a lease. This financial barrier can delay or prevent renters from securing their ideal home, while landlords face the challenge of ensuring financial protection without deterring potential tenants. Enter flatfair, Propertymark Industry Supplier and an innovative leader offering deposit alternatives that provide a smart, efficient, and cost-effective solution for both renters and landlords
Uninhabitable properties: HMRC urges caution over SDLT claims
HM Revenue and Customs (HMRC) has seen a spike in Stamp Duty Land Tax (SDLT) repayment requests where it’s claimed a property is not suitable for use (NSFU) as a dwelling so the lower, non-residential rates of SDLT apply. However, over 95% of NSFU claims are found to fall well below the required threshold, leaving property owners at risk of penalties.
Commercial Outlook Q3 2024
Although we see key aspects of the economy stabilise, the commercial property sector continues to face challenges, as many business sectors evolve to keep pace with ever-progressing trends and shifts in demand.
Auctions Barometer: Q3 2024
August tends to be one of the quieter months in the auction calendar, however September’s figures demonstrated an extremely positive response, with a nearly 10% increase in lots offered and sold across the UK. As the economy continues to stabilise, it is fantastic to see members report strong demand and growth in performance.
Record-breaking auction celebrates the legacy of Eric Morecambe
A recent auction has sent waves of excitement through the world of memorabilia collectors, with items from the legendary British comedian Eric Morecambe achieving record-breaking prices and highlighting the pivotal role of professional auctioneers in accurately valuing, presenting and selling these unique cultural artefacts.
Extended Ivory Act regulations will take effect on 28 January 2025
Trading in ivory from the common hippopotamus, killer whale, narwhal and sperm whale will now be banned under The Ivory Act 2018 (Meaning of “Ivory” and Miscellaneous Amendments) Regulations 2025. The new legislation was originally laid in parliament in May 2023, under the previous UK Government, but implementation has been delayed due to a lack of parliamentary time.
A blockbuster year for member representation
2024 marked a remarkable year for Propertymark, as the organisation made significant strides in raising its profile, engaging stakeholders, and shaping policy discussions. This year’s achievements are a testament to the collective efforts of our team, members, and partners. Together, we have raised the bar, set new benchmarks and solidified our position as the leading voice in the property industry.