Latest News

Change smoke and carbon rules for earlier checks

19 January 2021

Propertymark has responded to the UK Government’s consultation on extending the Smoke and Carbon Monoxide Regulations in England, arguing that the rules should be amended so that landlords and agents must make sure the alarms are tested prior to the start of the tenancy and not on the first day of each new tenancy. Read More...

Licensing schemes are irresponsible in the current climate

19 January 2021

Propertymark has responded to a number of licensing scheme proposals from local authorities across England in recent months arguing that Councils who are pursuing the implementation of licensing schemes are being socially irresponsible. This is because in these unprecedented times landlords and agents are not able to comply with the requirements and Council resources are unlikely to be able to effectively enforce them. Read More...

The Letting Partnership commend agents on the crucial service they provide

19 January 2021

Propertymark Industry Supplier, The Letting Partnership, a specialist provider of client accounting and Client Money Protection services, outlines why letting agents should stand proud as we begin 2021and take stock of the vital role they perform during the challenges presented by the pandemic. Read More...

 

£4.6 billion funding to protect businesses during third lockdown

Tuesday 05 January 2021

The Chancellor, Rishi Sunak, has announced a one-off top-up grant of up to £9,000 per business for those that have been made to close during the latest lockdown.

Businesses in the retail, hospitality and leisure sectors will be closed until at least mid-February following the Prime Minister’s announcement yesterday, 4 January, and the grants are expected to benefit over 600,000 business properties, worth £4 billion in total across all nations of the UK.

FURTHER SUPPORT

The one-off grant comes in addition to existing business support, including grants worth up to £3,000 for closed businesses, and up to £2,100 per month for impacted businesses once they reopen.

The UK Government has also provided 100 per cent business rates relief for retail, hospitality and leisure businesses, £1.1 billion existing discretionary funding for Local Authorities, the furlough scheme extended to April and 100 per cent Government-backed loans, extended until March.

A further £594 million is also available for local authorities and the Devolved Administrations to support other businesses not eligible for the grants, that might be affected by the restrictions. Businesses should apply to their local authorities.

 

Quote mark

Throughout the pandemic we’ve taken swift action to protect lives and livelihoods and today we’re announcing a further cash injection to support businesses and jobs until the Spring.

This will help businesses to get through the months ahead – and crucially it will help sustain jobs, so workers can be ready to return when they are able to reopen.

Rishi Sunak, Chancellor