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The Central England Trading Standards Authorities (CEnTSA) has published a report on a three-year enforcement project across the West Midlands that targeted CMP failures by letting agents and helped protect more than £11.1 million in client money. Propertymark’s compliance team supported the operation by answering hundreds of enquiries from Trading Standards and providing witness statements when required.
Despite weeks of speculation, the Chancellor’s speech contained no changes to Stamp Duty and, disappointingly, no announcement on LHA rates , which remain frozen. However, Rachel Reeves, MP, has pushed ahead with plans for a ‘mansion tax’ on properties worth over £2 million, an increase in property income tax, and increases to the National Minimum Wage.
The British Institute of Innkeeping (BII) launched the Panel to give publicans reliable, specialist support on property and valuation matters. Advisors are selected only after demonstrating rigorous professional standards, deep sector expertise, and a strong track record, and we are delighted that three Propertymark members have been appointed to this national panel.
Propertymark audit visits are receiving excellent feedback and giving firms greater confidence in their compliance processes—challenging the perception that audits are designed to catch agents out. Increasingly, members use the visits as a practical check on how daily procedures work and to identify improvements early.