Latest News

More tenants than ever seek housing as rental stock dwindles

25 February 2020

ARLA Propertymark’s Private Rented Sector (PRS) report shows that the demand for rental accommodation has reached a record high in January, with an average of 88 prospective tenants registered per member branch. Read More...

No change to Right to Rent despite new UK points-based system

21 February 2020

The UK Government has announced that from 1 January 2021, free movement will end, and they will introduce the UK’s Points-Based System but they are still no closer to confirming plans for the future of Right to Rent checks after Britain leaves the EU. Read More...

Custodial or Insured, which scheme comes out on top?

17 February 2020

Propertymark Industry Supplier, Tenancy Deposit Scheme (TDS) reveal the most popular type of tenancy deposit protection scheme. Read More...

£16 million funding to go to survivors of domestic violence

17 February 2020

Housing Secretary Robert Jenrick confirmed that 75 councils across England will benefit from funding to help boost their domestic abuse refuge services. Read More...

Christopher Pincher is tenth Housing Minister in a decade

14 February 2020

Christopher Pincher MP has been appointed Housing Minister in the cabinet reshuffle replacing Esther McVey. Mr Pincher is the MP for Tamworth and was previously the Minister of State for Europe and the Americas. Read More...

MHCLG responds to business rates concerns

Wednesday 12 February 2020

The Ministry of Housing, Communities and Local Government (MHCLG) has responded to Propertymark’s concerns about the level of business rates faced by agents on the high street.

Raising the concerns of members, Propertymark wrote to The Rt Honourable Andrea Leadsom MP urging her to extend the small business retail discount.

Both lettings and estate agents fall under the category of ‘offices’ for the purposes of determining business rates to be paid to their local authority, despite being the bedrock of the local high street.

Our letter of 16 January 2020, urged Leadsom in her capacity as Secretary of State for Business, Energy and Industrial Strategy, to extend the small business retail discount to include estate and letting agents in order to retain and promote growth, not only of the sector but the local high street.

The letter

The response from MHCLG states:

The Government is committed to backing small and medium-sized enterprises and particularly those on our high streets and in our town centres, enabling them to grow and create jobs.

Although the discount does not apply to a range of other business types, the retail discount is just one part of the Government's wide-ranging business rate reforms.

The Government recognises the important public benefit that other businesses may bring to the communities in which they operate and believes that it is right that support is available to those businesses through the local authority. Local authorities have been given greater flexibility to support businesses, through the Localism Act 2011. The Act enables local authorities to offer business rate discounts as they see fit.

Decisions on granting local discounts are a matter for authorities. A ratepayer may therefore wish to raise any request for rate relief with their local authority, who will be best able to consider any request and consider the benefits the business brings to the local community in which it operates before making any decision.

WHAT PROPERTYMARK IS DOING

Propertymark will continue to lobby the Government to ensure the industry’s voice is heard.

As part of our budget representation which was submitted to HM Treasury, we once again stressed our concerns on business rates and asked for Government to make the retail discount available to both lettings and estate agencies in order to retain and promote growth not only of the sector but the local high street.

If you have evidence of the impact business rates are having on your agency that you would be happy to share with us to strengthen our case, please email us at policy@propertymark.co.uk.

PROPERTYMARK RESOURCES

ARLA Propertymark has a range of resources available to members in order to arm them with knowledge and help them comply.

Resources include:

  • Fact sheets
  • Tenant Fees Toolkit
  • AST agreements
  • Digital leaflets

Log in to the member's area below to access the suite of information.

Log in to members area