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...

Propertymark submits suggestions for spring budget

Monday 10 February 2020

Suggestions have been sent to HM Treasury on new policy ideas for both estate and letting agents to be included in 2020’s Spring Budget.

HM Treasury invited interest groups, individuals and representative bodies to comment on government policy and/or suggest new policies for inclusion in the upcoming Budget.

Propertymark suggests that Government:

  • Make the retail discount for business rates available to estate agents
  • Exempt downsizers from stamp duty or give them incentives to encourage them to “right-size”
  • Raise the property value for Stamp Duty Land Tax (SDLT)
  • Abolish the three per cent surcharge on additional residential property and review landlord taxes
  • Legislate to ensure developers remedy leaseholders with onerous clauses
  • Introduce a digital logbook for every property bought and sold

Our full representation which includes comments on the impacts for the sector and revenue implications can be found below.

Spring budget representation

WHAT PROPERTYMARK IS DOING

Propertymark will continue to lobby and challenge decision-makers in the industry to make vital changes.

To view the work Propertymark has undergone when lobbying Government, view the ARLA Propertymark website below.

Lobbying