Latest News

Welsh Government guidance for property agents and landlords

07 April 2020

The Welsh Government has produced Coronavirus (COVID-19) guidance covering self-isolation, visiting a property, mental well-being, supporting tenants and business support. Read More...

Propertymark campaign succeeds in including commission in furloughed pay

06 April 2020

Government has amended the eligibility criteria following Propertymark's campaign for agents' commission payments to be included in claims for Furloughed Pay. Read More...

Landlord Income Tax Relief fully phased in

06 April 2020

At the Summer Budget 2015, the then Chancellor George Osborne announced that the amount of Income Tax relief landlords can get on residential property finance costs will be restricted and gradually reduced from April 2017 until April 2020. Read More...

UK Gov guidance – EPCs and COVID-19

06 April 2020

On 2 April 2020, the UK Government released information confirming that the legal requirement to obtain an EPC before selling or letting a property remains in place, but EPC assessments should only be conducted where they can be done safely and in line with guidance relating to Coronavirus. Read More...

Propertymark campaign leads to business rates relief

Wednesday 25 March 2020

After a campaign led by Propertymark, the Government have confirmed that business rates relief has been extended to estate and letting agents. This means those agency offices that have closed as a result of Covid-19 measures to restrict the spread of the virus will be now be exempted from business rates in 2020–2021.

Propertymark lobbied MHCLG, MPs and Peers as well as writing to The Chancellor, Business Secretary and Housing Minister last week to urge the relief to be extended to property agent offices. Propertymark members were also part of the campaign with many writing to their local MPs demanding action.

Eligible businesses will be rebilled by their local authority and the new bill will give them a discount of 100 per cent. If businesses have made payments in the meantime, they will be refunded by their local authority.

The Government advise that if any business has a query regarding their bill, they should get in touch with their local authority. Furthermore, guidance for local authorities on the application of the holiday will be published by MHCLG shortly.

Find your local council Government news story

The Devolved Administrations will receive funding under the Barnett formula to support businesses in Scotland, Wales and Northern Ireland.

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Today, I am removing some the exclusions for this relief, so that retail, leisure, and hospitality properties that have closed as a result of the measures announced by the Prime Minister in his statement on Monday will now be eligible for the relief. This will ensure that estate agents, lettings agencies and bingo halls that are required to close will not pay any business rates next year. Rishi Sunak, Chancellor of the Exchequer.

Mark Hayward

Mark Hayward
NAEA Propertymark Chief Executive

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We are pleased to see that the Government has listened and acknowledged the concerns from many estate and letting agencies across the country, that resulted in requests to three Secretaries of State last week for the business rates relief to be extended to estate and letting agents. This is a real boost in uncertain times and will assist all businesses that are finding it difficult to operate in the current environment.

Propertymark is continuing to work with all Governments across the UK to ensure that members are supported wherever they are operating.