Member representation: Consultation responses and position papers
Our latest feature
The Impact of Section 24 on buy-to-let landlords in England
In the summer budget of 2015, Chancellor George Osbourne, announced his intention to limit the ability of landlords to claim tax relief on finance costs including mortgage fees and mortgage interest payments. Despite the significance of Section 24, it is not clear how landlords have been impacted or of their future intentions. The English PRS is in a state of flux and this research is important to identify and address the challenges.
Our position papers
Housing and property agents
Our Councillor briefing pack provides an introduction to Propertymark, our work, the role of property agents and the standards our members adhere to within your local community. It also contains useful questions and areas to consider within the housing sector to support residents.
Improving access to the PRS for welfare-dependent tenants
Includes recommendations on how those dependent on welfare support can have better access to the Private Rented Sector (PRS), and how letting agents and landlords can be supported to improve access to the PRS for other vulnerable groups.
Property agents: the case for regulation
Regulation offers the potential to professionalise the industry, stamp out bad practice, create transparency and give consumers more control over who manages their property. Minimum qualification requirements and statutory Code of Practices to be adhered to by all letting and managing agents in England and sales agents across the UK should be introduced.
The future of home buying and selling
Propertymark’s position paper comes off the back of the renewed efforts to improve the home buying and selling process. In this paper, we have presented the agents’ perspective to ensure that future regulations reflect the evidence our members are seeing on the ground and that future actions respond to the largest challenges affecting the process.
Impact of tax changes on the private rented sector
Using survey data from Propertymark members, and other private and public sector organisations, this position paper highlights the detrimental impact that government decisions since 2015 have had on the tax and financial situation for landlords in the PRS.
Reducing economic crime in the property sector
Purchasing property in the UK is a common method that can be used by serious organised criminals to launder the proceeds of criminal activity. This position paper includes recommendations that the UK Government should include in future legislation as well as other plans and reforms to reduce economic crime.
The Future of Renting
The Future of Renting features our recommendations to the UK Government and its plans to reform the private rented sector in England. We want to help shape and influence the UK Government’s Renters’ Reforms White Paper which is due to be released in 2022.
Read through our consultation responses
Stormont has the chance to address critical housing issues with policy refresh
The Department for Communities (DfC) is refreshing it's proposals for reform of the Private Rented Sector (PRS) which were first published in 2017. In response to their stakeholder survey, Propertymark has urged the DfC to prioritise increasing housing supply, regulating property agents, and taking a carefully considered approach to energy efficiency targets.
PRS tenants must not be left behind as social sector raises standards
The Department for Levelling Up, Housing and Communities intends to boost standards in social housing by requiring senior managers and executives to have, or be working towards, a relevant qualification. Propertymark has strongly challenged the decision not to extend this requirement to all property agents in the UK, and questioned why private tenants should not expect the same protections as those in the social sector.
Shadow minister and leasehold leader echo Propertymark call for agent regulation
Matthew Pennycook, MP, has put forward an amendment which would lead to implementation of the Regulation of Property Agents working group report within 24 months of the Leasehold and Freehold Reform Bill becoming law, whilst Martin Boyd, Chair of the Leasehold Advisory Service, lent his full support to the statutory regulation of agents, stating that it is ‘simply wrong’ that there are no qualification requirements for private sector property managers.
Solving leasehold injustice could have bigger benefits
The UK Government should take advantage of the momentum in leasehold reform to stamp out ground rents, invigorate property sales, and promote professional management of leasehold property by qualified and regulated agents.
Renters Reform must balance interests of tenants and landlords
Propertymark has submitted written evidence to the Public Bill Committee on the Renters (Reform) Bill, citing data demonstrating the level of concern amongst our members about measures likely to make the PRS increasingly hostile to property owners and the unintended consequences for people in need of homes.
Block Management Sector Code
The RoPA Steering Group recently consulted on its draft Block Management Sector Code as part of its commitment to elevate standards within the sector.
The recognition of professional qualifications and regulation of professions
We highlighted the importance of regulation within the property sector and divergence in rules across the UK in response to the Department for Business, Energy and Industrial Strategies consultation.
Overarching Code of Practice for Residential Property Agents
Propertymark has responded to the Overarching Code of Practice for Residential Property Agents consultation, welcoming the proposals, and calling for the Code to be strengthened in four key areas to further support the industry.