900.000 more sole traders and landlords to be swept into Making Tax Digital
The UK Government’s Making Tax Digital (MTD) initiative is transforming how taxes are reported and managed, with significant implications for property agents. Self-employed individuals and landlords earning over £50,000 per year must comply with MTD for Income Tax Self-Assessment (ITSA) from 2026, and those earning over £30,000 from April 2027. In her Spring Statement on 26 March 2025, Chancellor Rachel Reeves, MP, announced that the threshold will decrease to £20,000 in 2028.
Public Accounts Committee calls for urgent improvements to cladding remediation programme
Eight years after the Grenfell Tower tragedy, which claimed 72 lives, tens of thousands of people remain in unsafe homes, with remediation efforts slow and riddled with uncertainty, according to the new report from the House of Commons Public Accounts Committee.
Spring Statement reinforces housing as an economic keystone
Chancellor Rachel Reeves has delivered her Spring Statement, outlining the UK Government’s plans for housing, planning, and welfare benefits as part of its broader economic strategy. The Statement was framed as a continuation of the government's existing strategy rather than a full Budget, with no major tax changes and only a limited number of new policies aimed at correcting a gap in public finances.
Reform of EPC fees must balance costs with benefits
The Scottish Government has launched a technical consultation on proposed changes to lodgement fees and penalty charges as part of its ongoing reform of Energy Performance Certificates (EPCs). This follows the publication of the Scottish Government’s response to a 2023 consultation on EPC reform and outlines plans to introduce new EPC regulations in 2025, with enforcement scheduled for 2026.
£153 million co-ownership funding announced in Northern Ireland
The Department for Communities (DfC) wants to boost homeownership and support 4,000 households purchasing homes over the next four years. The latest funding will also enable 1,200 new builds to expand the much-needed housing options for first-time buyers.
Welsh Government announces highest-ever investment in flood protection
The £77 million investment in flood protection for 2025-26, is aimed at safeguarding communities from the increasing threat of climate change. Deputy First Minister Huw Irranca-Davies MS unveiled the plans in the Senedd, emphasising that the funding comes at a crucial time following severe storms that affected hundreds of properties across Wales.
Maximising fire safety relies on effective support and enforcement for property owners
The Scottish Government has launched a review of fire safety regulations following the fatal Cameron House Hotel fire in 2017. Recommendations from the Fatal Accident Inquiry (FAI) highlighted key safety failings and proposed regulatory changes to prevent similar incidents in the future with a particular focus on traditional buildings converted to be used as hotels.
Why commonhold isn't that common and how that's about to change
The UK Government has committed to banning the sale of new flats on a leasehold basis and reforming the legal framework for commonhold, so it becomes the default and preferred tenure. It will also become easier for existing leaseholders to convert to commonhold, although the complexities of this may take longer to work out. Few agents in England and Wales have experience with commonhold, as less than 20 developments currently exist, so Propertymark has broken down some key parts of the proposals to help members understand the change.
Data shows Japanese knotweed consistently mistaken
Harmless plants, including Bindweed and dogwood, are frequently mistaken as Japanese knotweed, leading to unnecessary alarm and potential complications during property transactions, and further education is needed to help with identification.
Leasehold will be abolished for flats under new legislation
The UK Government has announced its next steps in a significant programme of reform to property ownership, aiming to abolish the traditional leasehold system and promote commonhold as the standard tenure for flats in England and Wales.
Charity auction of iconic tractor to be part of firm's bicentennial celebrations
The Propertymark Protected company, Cheffins, purchased the machine in 2024 from an onsite auction which the firm hosted and hopes it could now raise up to £20,000. The fully restored 1963 Fordson Super Dexta will go under the hammer in October 2025, with all proceeds going to the Addenbrookes Charitable Trust.
Assessing property viewing risks
Property agents and their businesses must assess risk, create safe systems of working, communicate these to their employees as well as monitor and review their systems on a regular basis. By making customers aware of potential hazards, property agents will be offering a higher level of professionalism and customer service.
Auctions Barometer: Q4 2024
The auctioneering sector continues to adapt and exceed consumer expectations, as demonstrated by the substantial growth in live-streamed events and online engagement. Notably, 41% of member feedback indicates a sentiment of expansion regarding the number of lots available, with the highest proportion surpassing their reserve prices.
EPC reforms designed to underpin net zero journey
Energy Performance Certificates (EPCs) in Scotland are to be revised and updated to give consumers a clearer picture of their home’s energy performance and link better with the drive to cut emissions from buildings. The proposed changes include a new rating system with clearer information on the fabric energy efficiency of a property, the emissions, efficiency and running costs of its heating system, and the cost of energy to run the home.
Simplified home improvement law to be debated by Lords
Introduced on 7 February 2025, the Permitted Development Rights (Extension) Bill, put forward by Lord Lucas, proposes significant changes to planning laws in England and Wales, establishing new rights for householders to modify their properties in primary legislation for the first time. Propertymark responded to the UK Government's consultation on Permitted Development Rights (PDRs) last year, supporting the reduction of barriers to sustainability upgrades.
Issue 58: Spring 2025
This issue introduces Connect, a new lead-generation platform designed to enhance collaboration among property professionals. As a core benefit of Company Advantage, Connect allows agents to generate and manage leads efficiently across the UK and beyond. Other topics covered include flexible office spaces, employee ownership trusts, and sustainability initiatives.