The latest material information rules will be introduced this Autumn, the industry regulator has revealed.
Speaking at the Propertymark One Conference in Wembley Arena yesterday, James Munro, head of the National Trading Standards Estate and Letting Agency Team (NTSELAT) revealed the timeframe for part B and C of the material information rules.
Agency listings have been required to show material information such as leasehold terms, council tax information and price since June 2022, under Part A of the Trading Standards’ reform.
Part B and C will require agents to include information such as restrictive covenants and utilities on their property marketing.
Speaking at the Propertymark conference, Munro said: “Thanks to the commitment of the property portals, we are already seeing listings with more detailed information on leasehold and other information such as council tax.
“This year, in early Autumn I am told we will start seeing early stages of information on utilities, building safety issues and flood risks.”
Munro said guidance and advice will be issued to support agents in providing this information.