Material Information for Property Listings Announced

Yesterday, Trading Standards and the Government jointly announced compulsory new data which must appear on property listings.

A property's council tax band or rate (for lettings and sales) and the property price and tenure information (for sales) must be included on all property listings by the end of May.

The changes signify the first phase of a project by the National Trading Standards Estate and Letting Agency Team (NTSELAT) which defines exactly what constitutes ‘Material Information’ for property listings.

Part A of this three-phase project includes information that is considered “material” for ALL properties. A further two phases are being developed, which will incorporate further material information such as restrictive covenants, flood risk and other specific factors that may impact certain properties.

The property portals (Zoopla, Rightmove, Boomin, On the Market, etc. will start to implement “Data Fields” for this additional information over the next few weeks and if they are left empty by an agent, this will be flagged on the listing so consumers can see what information is missing.

This will link to advice on why that information is important and how it may be obtained.