Latest News

Why agents are using virtual tours in the UK’s current climate

28 September 2020

Made Snappy, a Propertymark Industry Supplier, discuss the benefits of agents using virtual tours and how agents can be more efficient whilst saving money and winning instructions in a challenging climate. Read More...

New Job Support Scheme announced by the Chancellor

24 September 2020

In a speech in the House of Commons today, 24 September, Rt Hon Rishi Sunak MP, outlined the UK Government’s next stage of the economic plan to protect jobs over the winter period with the announcement of a new Job Support Scheme. Read More...

New Chief Executive Officer of Propertymark appointed

24 September 2020

Tim Balcon joins Propertymark today, 24 September, as Chief Executive Officer, which is a newly created role, bringing over 20 years’ experience in membership and sector organisations. Read More...

More must be done to get empty homes back into use

14 September 2020

In a letter to Rt Hon Christopher Pincher MP, Minister of State for Housing, Propertymark campaigns for action on empty homes, asking what measures the UK Government is taking to improve the situation and get more empty homes back into use. Read More...

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.

Some auction houses had already closed, suspended auctions or moved them to online or postal auctions prior to the announcement, putting the safety of their staff and consumers at the forefront. The latest guidelines are these measures will be reviewed in three weeks.

Business and financial support

The Treasury has committed to a comprehensive series of measures to support businesses, wages, and cash-flow:   

  • A Coronavirus Job Retention Scheme 
  • Deferring VAT and Income Tax payments 
  • A Statutory Sick Pay relief package for small and medium-sized businesses (SMEs) 
  • The Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank 
  • A new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans 
  • The HMRC Time To Pay Scheme 
  • Grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000 
  • Offering small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief 

Business rates were also included in these measures, and, at the time of the announcement, they didn’t include estate or letting agents. However, after a campaign led by Propertymark, the Government confirmed on 25 March, that business rates relief has been extended to estate and letting agents, meaning they are too now exempt from business rates in 2020–2021.   

Details of funding and eligibility plus other guidance can be found on the Government website.  

Business rates relief

COVID-19 How is it impacting your business?

We’re talking to Government on a daily basis to ensure they understand the impact that the Coronavirus pandemic is having on vulnerable tenants, compliance, landlords, repairs and other essential services.

To help us spread this message we would like you to answer three questions about how the pandemic is affecting your business? If every agent reading this responds, then Government will not be able to ignore us and will have to #KeepTheRentFlowing.

Complete the survey

WHAT PROPERTYMARK IS DOING

To keep up to date with the latest information on COVID-19 relating to the sector, you can follow us on Facebook and Twitter.