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Propertymark has responded to HMRC’s consultation on plans to increase the fees it charges businesses it supervises under the Money Laundering Regulations, warning that higher costs could affect small, independent agents hardest and risk undermining compliance. Proposals include raising the annual premises fee from £300 to £400, reintroducing a £400 application fee, and restructuring penalty charges into a new sanction regime with fines of up to £2,000.
This guidance note helps members understand the steps they should take when a client requests payments to be made into a new account. This will support agents in protecting landlords who may have been compromised and in avoiding potential penalties from HMRC.
The Building Safety (Wales) Bill sets regulations for the occupation phase of buildings. Propertymark members managing and letting individual flats within these buildings should be mindful of any requirements for residents, so that any key documents for contract-holders can be provided.
A BBC investigation has revealed that criminals used the UK Government’s unclaimed estates list to commit probate fraud. The list, published on the Gov.uk website, included details of around 6,000 estates left by people who died without a will or known heirs. It was taken offline in July 2025 after evidence showed fraudsters used it to submit fake wills and claim millions of pounds in assets.