Keeping your business running during the Coronavirus pandemic

Thursday 09 April 2020

Agents may be wondering how best to keep the cash flowing, cut costs and get their business ready for a return to the new normal. There are a number of steps managers and business owners can take to keep their business in good shape during this time of economic and general uncertainty.

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Coronavirus (Scotland) Act 2020 stakeholder guidance

Wednesday 08 April 2020

The emergency legislation introduced by the Scottish Government and passed by the Scottish Parliament received Royal Assent on 6 April 2020. To coincide with it’s passing into law the Scottish Government has released a guidance document that outlines key measures contained within the Act.

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Propertymark campaign leads to commission included in furloughed pay

Monday 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.

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Landlord Income Tax Relief fully phased in

Monday 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.

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UK Gov guidance – EPCs and COVID-19

Monday 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.

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Staff on commission must be considered in Job Retention Scheme

Friday 03 April 2020

In a letter to Alok Sharma, Secretary of State for Business, Energy and Industrial Strategy, Propertymark has urged him to promptly allow agents to include employee’s full salaries under the variable pay element of the Coronavirus Job Retention Scheme.

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Coronavirus (Scotland) Bill – land registration and the Registers of Scotland

Thursday 02 April 2020

The Coronavirus (Scotland) Bill was passed on 1 April 2020 to respond to the emergency caused by the Coronavirus pandemic. The legislation impacts land registration and the Registers of Scotland.

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Scottish Government issues buying and selling guidance during lockdown

Wednesday 01 April 2020

The guidance stresses transactions may continue and it echoes guidance from the UK Government that all parties should seek to delay a house move wherever possible whilst the stay-at-home measures are in place.

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Three-month extension period to file accounts during COVID-19

Tuesday 31 March 2020

Businesses who cannot file accounts on time due to COVID-19, and whose filing deadline has not yet passed, can apply for an automatic and immediate three-month extension.

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Updated advice on conveyancing and amending existing contracts

Tuesday 31 March 2020

The Law Society has published updated guidance for conveyancers in England, reinforcing that home moves into occupied properties should only take place in situations where contracts have been exchanged and deferral is impossible.

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Agents in Scotland given 100% rates relief during crisis

Monday 30 March 2020

Estate and letting agents, along with a host of other businesses, will be exempt from rates relief from 2020-21 as part of the Scottish Government’s £2.2 billion plan to support businesses through the Coronavirus outbreak.

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Business rates exemption – make sure you receive your ‘nil bill’

Monday 30 March 2020

The Government has announced that letting and estate agents in England that are closed due to COVID-19 measures will be eligible for the business rates retail discount, which is increased to 100 per cent for 2020–2021

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MHCLG guidance on buying and selling homes during COVID-19

Friday 27 March 2020

The Ministry of Housing, Communities and Local Government (MHCLG) has issued guidance on buying and selling homes during the stay-at-home period.

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Self-employed to receive 80% supplement by June

Thursday 26 March 2020

Chancellor Rishi Sunak this evening announced a new self-employed income support scheme, comprising a taxable grant worth 80% of their average profit over the last three years. The scheme will be open for three months and will be extended if needed.

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Home buyers can move if unavoidable

Wednesday 25 March 2020

In the latest guidance from the Government, home buyers should, as far as possible, delay moving to a new property whilst emergency measures are in place to fight Coronavirus.

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Council Tax Hardship Fund to support those affected by Coronavirus

Wednesday 25 March 2020

The Government has confirmed further support for renters with a £500 million hardship fund which will provide council tax relief for vulnerable people and households to help those affected most by Coronavirus.

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Auction houses are to remain closed

Wednesday 25 March 2020

The Government, on 23 March, gave clear guidance on self-isolation, staying at home and away from others, stepping up measures to stop the spread of Coronavirus with a list of businesses and premises that must close. Auction houses were included in that list.

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Avoid online scams to keep yourself safe

Wednesday 25 March 2020

New ways of working and potential home distractions mean conditions are perfect for bad actors looking to harvest data.

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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.

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Protection from commercial landlord evictions

Tuesday 24 March 2020

The UK Government announced on 23 March 2020 commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction meaning no business will be forced out of their premises if they miss a payment in the next three months.

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Ministry for Housing Communities and Local Government guidance on branches, viewings and moves

Tuesday 24 March 2020

A senior civil servant at Ministry for Housing, Communities and Local Government (MHCLG) this morning, provided guidance for the sector to Propertymark.

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Data protection guidance for remote working

Monday 23 March 2020

With a vast majority of people in the property industry working remotely and whilst individual safety is at top of their priorities, agents and business owners must also be aware of the safety of their data during the crisis.

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Government support to save jobs and businesses

Friday 20 March 2020

This evening, in a bid to protect jobs and small to medium businesses, the Chancellor announced a dramatic escalation of Government support in a bid to save jobs and dissuade employers from laying off staff.

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Guidance on Coronavirus Business Interruption Loan Scheme

Friday 20 March 2020

The Financial Conduct Authority (FCA) has published new guidance for mortgage lenders and administrators, and small business lenders which supports announcements made by the Chancellor on support for businesses and homeowners impacted by COVID-19.

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Propertymark calls on UK Government to extend business rates relief

Friday 20 March 2020

Property agents are missing out on a proposed twelve-month business rates ‘holiday’, as they are classified as offices, not retail branches on the high street.

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Propertymark urges members to contact their MP about business rates relief

Friday 20 March 2020

Property agents are missing out on business rates relief measures announced by the Government in response to the outbreak of Coronavirus.

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Northern Ireland Executive announces COVID-19 response

Friday 20 March 2020

Northern Ireland’s First Minister Arlene Foster and deputy First Minister Michelle O’Neill announced a wide-ranging package of support aimed at supporting all sections of the economy and society. Acknowledging the impact already being felt by the economy, businesses, public services, jobs, and people’s livelihood.

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Propertymark creates COVID-19 Checklist

Monday 16 March 2020

What should you do as an agent to best protect your staff, your clients and yourself while continuing to deliver the social interaction required to carry out your professional duties?

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Spring Budget 2020 - stamp duty, cladding, AML and more

Wednesday 11 March 2020

New Chancellor of the Exchequer, Rishi Sunak, has delivered a range of measures affecting the property industry in his first budget.

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Art Market Participants included in new Money Laundering Regulations

Monday 17 February 2020

The Money Laundering Regulations 2019 passed into UK law on 10 January 2020, affecting those working in property auctions, sales as well as lettings and high-value dealers.

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