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Mortgage approvals rise again but sales hit a decade low in January

Mortgage approvals increased for the fourth consecutive month in a row during January but that hasn’t fed into official sales yet, data...

01 March 2024

From: Breaking News

Douglas & Gordon administration extended

The administration of collapsed agency brand Douglas & Gordon has been extended by a year. Douglas & Gordon called in Grant Thornton...

26 February 2024

From: Breaking News

Industry Views - HMRC Hypocrisy - 'Business' As Usual

When is a landlord a business, and when is (s)he not a business? I’m not referring to landlords who have gone down...

24 February 2024

From: Features

More than 3,000 estate agents at risk of fines and prison for failing to register with HMRC for AML supervision

Digital compliance specialist SmartSearch can help estate agents comply quickly and efficiently Around one in five estate agents are not registered for...

24 February 2024

From: Features

HMRC records December dip in property sales

Property sales fell for the fourth consecutive month in December and ended the year at 1.02m, HMRC data suggests. The latest property...

01 February 2024

From: Breaking News

Tax deadline looms for self-employed property professionals

Calling all self-employed property professionals! With only one week to go until the 31 January self assessment deadline, the 3.8 million people...

27 January 2024

From: Features

Rightmove schedules AML webinar

Rightmove and FCS Compliance have launched the latest in their series of anti-money laundering (AML) webinars. The events are free for Rightmove...

19 January 2024

From: Breaking News

Buckle Up! It's Going To Be A Busy 2024

Happy New Year and welcome to what’s looking like a busy - perhaps even hectic - 2024! I thought it worth running...

15 January 2024

From: Breaking News

Nationwide: Average prices fell in 2023 and rebound unlikely in 2024

Average house prices ended 2023 down 1.8%, according to Nationwide. The lender’s December House Price Index, based on its own mortgage lending...

02 January 2024

From: Breaking News

Happy returns - top tips to get set for the tax deadline

There are now less than 40 days until self-employed property professionals will need to submit their self-assessment tax return, and pay...

23 December 2023

From: Features

HMRC: October property market activity hits two-year low

HMRC recorded the slowest October for property sales since 2021 last month. The latest property transaction figures from the taxman estimates that...

01 December 2023

From: Breaking News

What do the super-rich look for in a new home?

Swimming pools, both indoor and outdoor, his and her bathrooms, accommodation for staff, and endless tech-powered gadgets are just some of...

25 November 2023

From: Features

HMRC checking agency AML procedures - warning

Estate agents are being reminded of their anti-money laundering (AML) responsibilities. It comes after HMRC has seen a rise in new applications...

20 November 2023

From: Breaking News

The stress-free guide to Self Assessment

By Jashoda Pindoria, Head of Self Assessment Operations, HMRC Self Assessment need not be daunting with HMRC’s simple steps on getting started....

04 November 2023

From: Features

Property sales slump in September as mortgage rates remain high - HMRC

The number of property sales recorded by HMRC is at its lowest level for almost a decade. New HMRC property transactions data...

01 November 2023

From: Breaking News

Client money accounting made easy with PayProp

A client account is essential to your lettings business, but the rules and regulations you need to follow to keep this...

26 October 2023

From: Sponsored Content

Stamp Duty revenue slumps but IHT soars - new figures

Inheritance Tax receipts for April to September 2023 have soared to £3.9 billion, some £0.4 billion higher than the same period...

24 October 2023

From: Breaking News

Fraud pilot investigation launched into Help to Buy loans

It's emerged that Homes England and HMRC have explored possible fraud within the Help to Buy Equity Loan Scheme. This formed part of...

20 October 2023

From: Breaking News

Annual price growth hits new low – Land Registry

House price growth fell to its lowest annual rate since 2012 in August, official data shows. The latest Land Registry House Price...

19 October 2023

From: Breaking News

Summer slump? Sales and mortgage approvals drop in August

Property sales and mortgage approvals both fell annually in August, official data shows. Figures from HMRC show UK residential transactions were down...

02 October 2023

From: Breaking News

Inheritance Tax - more families to be hit in 2023/4

It looks like more families are to be hit with inheritance tax in 2023/4 according to a new forecast.  Research from the...

26 September 2023

From: Breaking News

Estate agent's guide to spotting title-related issues and what to do about them

As an Estate Agent it’s important to be able to interpret and understand the information that a Title Deed document presents...

20 September 2023

From: Features

Join the future of estate agency, today.

Estate agency has changed. No longer is it required to sit in a high street office working the old way. Provide a...

12 September 2023

From: Sponsored Content

What should agents be doing to stay compliant with AML regulations?

As money laundering compliance marks its twentieth year, more and more estate agents are being fined for breaches of HMRC’s ID...

09 September 2023

From: Features

Agents unruffled as sales slide again

Agents insist the market is still moving – albeit among cash buyers – after HMRC data shows another dip in sales activity. HMRC’s...

01 September 2023

From: Breaking News

What is ‘mixed tenure’ and why are mixed tenure developments built?

The term mixed-tenure development usually refers to residential developments where different residential tenures are provided on the same site. Typically, tenure was...

30 August 2023

From: Sponsored Content

New figures highlight estate agents’ money laundering failings

For most people, buying a house or flat is the largest financial commitment they will ever make. Which is why many...

26 August 2023

From: Features

Big rise in agents registered with HMRC but thousands more to come

Over 20,000 UK agency branches have now registered with HMRC for anti-money laundering supervision. A new analysis from risk management platform Thirdfort...

14 August 2023

From: Breaking News

TPFG maintains positive outlook despite sales slump

The Property Franchise Group (TPFG) has said its multiple income streams will help it navigate the uncertain markets after it revealed...

03 August 2023

From: Breaking News

HMRC: June property sales hit three-year low

HMRC has recorded the lowest level of UK property sales for the month of June since 2020. The latest property transaction data...

31 July 2023

From: Breaking News

Agency trade body backs AML overhaul

Propertymark has given its backing to simplifying how firms are regulated under anti-money laundering (AML) rules. The Treasury is currently consulting on...

26 July 2023

From: Breaking News

Estate agency AML fines on the rise

The average anti-money laundering (AML) fine issued to estate agents for non-compliance so far during 2022/23 has already crept beyond the...

19 July 2023

From: Breaking News

Levelling up: how a quality CRM provider helps your agency grow

Success with your chosen CRM solution should not be a one-and-done package. Once you team up with a stellar CRM provider,...

17 July 2023

From: Sponsored Content

Estate agents need to know: How can digital ID tools help you with AML?

Tackling economic crime is part of the day job for estate agents. But how can the latest digital ID tools help...

12 July 2023

From: Features

Unlocking success: capabilities an ideal CRM toolbox should offer

CRMs can be superheroes for your business, but not all of them possess the necessary powers to save the day. As...

11 July 2023

From: Sponsored Content

Property sales hit new low in May - HMRC

The property market had its quietest May for sales excluding the pandemic for at least a decade, HMRC data suggests. Provisional seasonally-adjusted...

03 July 2023

From: Breaking News

Rising mortgage rates are worse than 2p tax hike - claim

The hit to the economy from soaring mortgage rates will be equivalent to a 2p income tax hike, new analysis by...

27 June 2023

From: Breaking News

Street CRM users given access to compliance tools

CRM provider Street.co.uk has partnered with Smart Compliance to give agents access to its tools. With the integration of Smart Compliance into...

26 June 2023

From: Breaking News

Details revealed for latest Rightmove AML webinar

Anti-money laundering (AML) specialist FCS Compliance has unveiled the latest in its series of collaborative webinars with Rightmove. The next session on...

26 June 2023

From: Breaking News

Legal expert: Will latest AML fines be ‘wake-up call’ for estate agents?

HMRC data showing more than £1m of anti-money laundering (AML) fines to estate and lettings agents should be a “wake-up call”...

13 June 2023

From: Breaking News

Outgoing Spicerhaart chair handed special achievement award

Spicerhaart’s non-executive chairman John Spence has received a special achievement award after announcing his retirement from the board after more than...

12 June 2023

From: Breaking News

Experienced agents must educate ‘newbies’ on tougher markets

Experienced agency owners mustn’t let their teams get carried away during the good times in the property market, senior industry executives...

09 June 2023

From: Breaking News

Property sales “drop like a stone” according to HMRC’s figures

They dropped like a stone - that’s the verdict on property sales from a leading business analyst. Sarah Coles of Hargreaves Lansdown...

01 June 2023

From: Breaking News

Is your letting business still compliant?

Following publication of the Renter’s Reform Bill and the media coverage surrounding it, many agents and their landlords will understandably have...

27 May 2023

From: Features

Brand behind Keller Williams market centre closes amid reshuffle

The company behind Keller Williams' Evolve Market Centre - TBF Centres - has entered voluntary liqudation, Companies House documents show. It comes...

18 May 2023

From: Breaking News

Tackling fraud in the current climate - what’s the reality for agents?

Property fraud is a significant risk for agents, particularly as fake IDs become increasingly prevalent, and the economic climate remains challenging....

06 May 2023

From: Features

Property sales marching on - HMRC 

Property sales slowed annually during March but appear to have bounced back on a monthly basis, according to HMRC estimates. It follows...

02 May 2023

From: Breaking News

The laborious legislation that continues to threaten the PRS

Landlords are exiting the market in droves. According to an accountancy firm who analysed HMRC data, 70,000 buy-to-let landlords left the sector...

29 April 2023

From: Features

Agents face a 'perfect storm' for money laundering

Recent research estimated that up to £100 billion is being stolen in the UK each year, with much of it due...

22 April 2023

From: Features

New agency AML service pledges to pay fines for own errors

A new product to help agents meet their anti-money laundering (AML) responsibilities has launched. Lifetime Legal has unveiled Smart Compliance, which advises...

21 April 2023

From: Breaking News

Agents unaware of Economic Crime Levy

The majority of estate agents are in the dark about the Government’s Economic Crime Levy (ECL), when it was implemented or...

19 April 2023

From: Breaking News

Revealed – what estate agents need to know to succeed at compliance in 2023

The dreaded ‘C word’ – compliance – has been facing Estate Agents for years now and it’s not going anywhere. Looking ahead...

15 April 2023

From: Features

New AML levy set to hit larger agents

Agents of all sizes are being urged to make themselves aware of a new anti-money laundering (AML) charge that has come...

11 April 2023

From: Breaking News

Mini-Budget ‘hangover’ pushes property sales to record low

February marked the slowest month for residential transactions in almost a decade, HMRC data suggests. New HMRC transaction figures shows the taxman...

22 March 2023

From: Breaking News

HMRC deadline looms for companies to revalue UK residential properties

Companies that own UK residential properties have under a month to revalue and tell HMRC if any are worth more than...

07 March 2023

From: Breaking News

Condensation mould – a black mark for property

Black mould associated with condensation is becoming an increasing problem for homes in the UK and following the tragic death of...

24 February 2023

From: Sponsored Content

HMRC: Property sales are falling

The level of property sales in the UK is declining, HMRC has suggested, after it revealed that transactions dipped for the...

22 February 2023

From: Breaking News

What is keeping estate agents awake at night in 2023?

Two of the biggest challenges facing the property industry right now are fraud and money laundering. The scale of these activities is...

15 February 2023

From: Features

Property sales fell 15% in 2022 - HMRC

Agents sold 14.7% fewer properties during 2022 amid the end of the Stamp Duty holiday and increased economic uncertainty, HMRC figures...

25 January 2023

From: Breaking News

Don’t leave AML checks to your accountant, agents advised

Agents are being urged to keep an eye on their HMRC Government Gateway Account to ensure they don’t miss messages and...

19 January 2023

From: Breaking News

AML 'oversights' push up agency fines - claim

The average anti-money laundering (AML) fine issued to the estate agency sector for non-compliance has started to climb, reversing the previous...

18 January 2023

From: Breaking News

Monthly sales growth slows as buyers hold off - HMRC

Property sales are yet to decline amid higher mortgage rates and the cost of living crisis but there are signs of...

22 December 2022

From: Breaking News

24 agency brands among latest firms fined for AML breaches

HMRC fined 24 estate agency and property businesses for anti-money laundering (AML) breaches between April and June 2022, new figures show. The...

16 December 2022

From: Breaking News

Opinion - what will 2023 bring for the property market?

As we move closer to the end of the year, we invariably begin to think of what 2023 will bring, how...

10 December 2022

From: Features

Boomin officially names liquidator amid £10m owed to creditors

Collapsed challenger portal Boomin has officially named its liquidator as company documents this morning outlined a deficiency of almost £10m in...

02 December 2022

From: Breaking News

Avoiding the threat of fines: what’s often missed in the AML process

HMRC has fined estate agents over £500,000 for anti-money laundering (AML) breaches in the past two months. Yet despite property managers...

26 November 2022

From: Features

Property sales slide but remain above pre-pandemic levels - HMRC

Property transactions dipped in October but remain above pre-pandemic levels, HMRC data shows. The latest property transactions report from the taxman -...

23 November 2022

From: Breaking News

Property Natter – is this the end for fixed-fee online estate agency?

Aside from all the news surrounding the Autumn Statement this week, which will have a significant bearing on the property market...

19 November 2022

From: Features

Doorsteps owes half a million to creditors after collapse

Collapsed online agent Doorsteps owes more than half a million pounds to company creditors including Rightmove, HMRC and the Treasury, documents...

16 November 2022

From: Breaking News

Agents facing increased AML fines ‘by accident’ - warning

Most agents are falling foul of anti-money laundering (AML) rules by accident but the sector could face more compliance-related fines by...

09 November 2022

From: Breaking News

PropTech Today: how PropTech can ensure compliance within the sector

With the ever-persistent compliance hurdles materialising within the property market, Nathan Emerson, CEO of Propertymark, speaks about how the use of...

03 November 2022

From: Breaking News

Agents must take AML seriously after huge HMRC crackdown

Dozens of estate agents have been fined a combined total of £519,645 for failing to meet their obligations under anti-money laundering...

02 November 2022

From: Features

Sticky situation! Buyers warned as Gü founder loses Stamp Duty claim

Property buyers aiming to reduce their Stamp Duty bill with “mixed-use” purchases are being warned that HMRC is sniffing out those...

26 October 2022

From: Breaking News

September slump? Property sales fell by a third in September - HMRC

UK property sales fell by around a third last month and were flat on a monthly basis, new figures show. HMRC’s latest...

24 October 2022

From: Breaking News

Problems setting up a client account? Here's what to do

Over the last few months, The Letting Partnership has seen an increase in calls from agents who are struggling to open...

22 October 2022

From: Features

Going digital is the answer to sector compliancy woes

If recent headlines are anything to go by, estate agents and the wider property industry are not just feeling the heavy...

15 October 2022

From: Features

Now automation can help protect the property market

Over the last five years, the Government has introduced a range of measures to regulate the property market, particularly in the...

12 October 2022

From: Features

AML fines! Cases opened against Propertymark agents

Trade body Propertymark has revealed that it has opened compliance cases against a small number of members following the latest HMRC...

12 October 2022

From: Breaking News

New AML webinar for Rightmove users to focus on ‘reliance’

FCS Compliance has announced the latest in its anti-money laundering (AML) series of webinars with Rightmove.  The latest is titled The Role...

06 October 2022

From: Breaking News

Property sector calls for targeted stamp duty cuts

Agents and other property professionals have, perhaps unsurprisingly, reacted positively to rumours of a Stamp Duty cut. Prime Minister Liz Truss and...

22 September 2022

From: Breaking News

Agents urged to avoid becoming 'downturn deniers'

Agents have been warned that they risk letting down their clients by denying the prospect of a housing market correction. Charlie Lamdin,...

24 August 2022

From: Breaking News

How tech can lead the way in speeding up the home buying and selling process

I am somewhat disappointed, yet not surprised, when I see the headlines ‘blaming’ various fractions of a property transaction as the...

24 August 2022

From: Breaking News

July 'busiest month of 2022 for sales amid rush to beat rate rises’

July was the most active month for home sales so far this year but agents acknowledge that a slowdown is coming. The...

24 August 2022

From: Breaking News

As HMRC reveals almost half of those falling foul of AML regulations are property firms, estate agents are urged to get their compliance in order or face the consequences

HM Revenue & Customs (HMRC) recently published a list of firms that have received penalty notices for failure to meet their...

17 August 2022

From: Sponsored Content

Uncertainty remains over housing’s importance to new PM, says expert

A property expert has claimed that it remains to be seen where housing will feature in the upcoming political agenda. Nicky Stevenson,...

12 August 2022

From: Breaking News

Agents - are there gaps in your AML process?

A compliance expert has warned that even though most agents will have robust anti-money laundering (AML) checks and processes in place,...

04 August 2022

From: Breaking News

AML platform secures investment from three major estate agencies

Anti-money laundering (AML) platform Thirdfort has secured funding from three high profile estate agents. Knight Frank, Chestertons and Savills’ proptech subsidiary Grosvenor...

27 July 2022

From: Breaking News

Property sales market slumps to slowest June for nine years - HMRC

House price indices may be reporting record rises but sales seem to be slowing. The latest HMRC property transactions data for June...

22 July 2022

From: Breaking News

AML investigator to host agent webinar on customer due diligence

Agents are being given the chance to learn how to improve their anti-money laundering (AML) processes from a veteran police investigator. Rightmove...

13 July 2022

From: Breaking News

Government urged to review stamp duty as more first-time buyers now pay the tax

Renewed calls are being made for an “urgent review” of stamp duty as research shows rising house prices mean first-time buyers...

22 June 2022

From: Breaking News

Property sales continue to rise despite cost of living crunch - HMRC

The number of property transactions continues to rise despite the cost of living crisis and remain higher than pre-pandemic levels, HMRC...

22 June 2022

From: Breaking News

Time is running out for legacy customer checks

As another round of property firms is fined, named and shamed for breaching anti-money laundering rules, it feels like the road...

18 June 2022

From: Features

Agents account for half of this year's AML registration cancellations

Four estate agents have had their anti-money laundering (AML) registrations cancelled by HMRC so far this year. The taxman has published its...

09 June 2022

From: Breaking News

Agents offered free lunch and learn AML event

Anti-money laundering (AML) platform Credas is hosting a free lunch and learn session for estate agents in south Wales and south-west...

06 June 2022

From: Breaking News

New homeowners warned over fake stamp duty refund claims

New homeowners are being warned about cold calls from scammers advising them to make speculated stamp duty refund claims. The warning comes...

06 June 2022

From: Breaking News

Property Natter: ‘the only way to bring about change is to be proactive’

In this latest ‘Women in Property’ edition of the Natter, I check in with Collette Allen, who was recently appointed as...

28 May 2022

From: Features

40% of property firms fined For AML breaches had 'refused help'

Many of the property firms recently fined for anti-money laundering (AML) breaches have previously turned down help, Credas claims. It was revealed...

26 May 2022

From: Breaking News

Agents remain positive despite sales slump

Property sales slumped in April but are still above the pre-pandemic average, HMRC data shows. Provisional UK property transaction figures from the...

25 May 2022

From: Breaking News

HMRC shows its teeth with bumper AML fines for agents

More than 30 agents and property firms such as auction houses and valuers were reprimanded by HMRC for anti-money laundering breaches...

17 May 2022

From: Breaking News

Cost of AML compliance hits £6m for estate agents

The estate agency sector is now paying almost £6m for anti-money laundering (AML) supervision. Businesses are legally required to register for AML...

10 May 2022

From: Breaking News

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