Are you meeting the latest Material Information requirements?

Despite guidance from the National Trading Standards Estate and Letting Agency Team (NTSELAT) over a year ago, key Material Information is still missing from property listings. We recently reviewed 150 listings and found none were fully compliant. Specifically, only 7.5% included utility details, while 21% lacked parking information, and building safety details were left out entirely. This lack of transparency can lead to costly issues during the conveyancing process, resulting in fall-throughs and unexpected complications for both agents and buyers.

Ben Ridgway, Co-Founder of iamproperty, emphasises the need for Estate Agents to embrace comprehensive Material Information to avoid surprises later in the process. Proper data collection and presentation, supported by technology, can help improve sales, streamline processes, and ultimately protect deals from falling through.

“Transparency across all categories of Material Information – A, B, and C – will help agents and buyers avoid unpleasant surprises during the conveyancing process, reducing last-minute fall-throughs and unexpected costs after purchase.”

“Our research highlights a significant gap between legislative requirements and current industry practices. Ensuring all necessary information is compiled and shared in online listings will protect sales and improve the home buying experience.”

Material Information has the potential to transform the property industry, helping agents increase pipeline turnover, reduce time spent on sales progression, and minimise fall-throughs. However, achieving this requires the right technology.

iamproperty’s movebutler streamlines the conveyancing process by automating the collection and presentation of Material Information. It ensures that all relevant details, such as utilities, parking, and building safety are gathered and shared upfront. This helps agents stay compliant with the latest requirements, reduces the admin burden, and helps prevent fall-throughs, improving the property transaction experience for both agents and buyers.