Latest News

Lack of direct financial support for the sector in the Budget

03 March 2021

The Chancellor of the Exchequer, Rishi Sunak, has announced a number of measures affecting the property industry in the UK Government’s 2021 budget, but Propertymark believes more should be done in order to tackle COVID-related rent arrears. Read More...

Calls continue for a Welsh Housing Survey

03 March 2021

Propertymark is continuing to back the National Residential Landlords Association’s (NRLA) in their campaign for the introduction of a Welsh Housing Survey (WHS). Laura Jones MS, Welsh Conservative Shadow Housing Minister, and Mike Hedges MS, Welsh Labour Chair of the Cross Party Group for Housing recently backed the calls by stating that “a Welsh Housing Survey is needed as evidence-based policymaking should be taken as standard.” Read More...

Surge in the number of prospective tenants seeking properties

26 February 2021

ARLA Propertymark’s first Private Rented Sector Report of 2021 covering January shows the number of new prospective tenants rose by more than 27 per cent compared to December 2020 indicating no sign of demand slowing down. Read More...

Renting Homes (Amendment) (Wales) Bill introduced

24 February 2021

The Welsh Government has announced the introduction of the Renting Homes (Amendment) (Wales) Bill which extends the minimum notice period from two to six months alongside other new provisions and will be implemented before the end of its current Assembly (May 2021). Read More...

 

Propertymark calls on UK Government for urgent financial support

Thursday 04 February 2021

Propertymark has submitted its formal written representation to HM Treasury on new policy ideas for both estate and letting agents to be included in the UK Government’s Budget on 3 March 2021.

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

There are six key areas that Propertymark are focusing on to support members:

  • Provide a financial support package for the private rented sector
  • Raise local housing allowance
  • Ensure universal credit is adequate and more effective
  • Reopen courts to deal with the backlog of housing cases
  • Support investment in the private rented sector
  • Build more social housing

Financial support

Propertymark recognises that there has been support from the UK Government for many tenants, but this has not always met the full cost of rent and has not reached all of them. To date there has been no direct financial support for the rental market, with individual landlords unable to access small business grants or bounce back loans.

In September, Propertymark’s Private Rented Sector Report showed an increase in the number of landlords selling their buy-to-let properties and the figures are the highest we have on record for the month of September. Our survey figures in October also revealed that most letting agents (53 per cent) thought that support from the UK Government in helping with rent arrears and preventing evictions has not been effective, with only 12 per cent thinking it had been very effective.

The nature of the COVID-19 pandemic requires a one-off intervention to address specifically COVID-19 related arrears. This will enable both tenants and landlords to continue the tenancy and support tenants to remain in their homes.

Cross-sector collaboration

Propertymark is also part of a cross-sector group including NRLA, Shelter, Crisis, Generation Rent, Citizens Advice, Step Change, Nationwide, The Big Issue, Money Advice Trust and Joseph Roundtree Foundation calling for more action and working to find solutions to support renters.

Budget 2021 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 lobbying page on the ARLA Propertymark website below.

Lobbying