Material Information: The Key to Faster, Smoother Property Transactions

In today’s fast-paced property market, Estate Agents are looking for ways to enhance speed and delight clients. Effective use of Material Information could be key.  With 51% of homebuyers experiencing delays after their offer is accepted*, upfront property information can not only ensure agents are compliant but also build trust and speed up transactions.

Why Material Information Matters

Material Information includes all the important information about a property that might affect a buyer’s choice. NTSELAT’s guidance requires agents to share clear and accurate property information. Not following these rules can lead to checks from National Trading Standards, which could result in significant fines if found wanting.

Research shows that 94% of listings state whether a property was leasehold or freehold, 24% of listings also do not include an Energy Performance Certificate rating, and only 66% of listings included the council tax band, despite this being required for all listings.**

Using Technology for Better Results

The integration of advanced technology has transformed the way agents manage Material Information. These tools offer capabilities such as:

• Automated Title analysis: Efficiently determines property tenure—be it leasehold or freehold—and identifies any existing restrictions.
• Streamlined Search processes: Facilitating the ordering of necessary property searches with minimal effort, ensuring all relevant information is readily available.
• Compliance checks: Helping identify information that could impact a buyer’s decision and ensuring all details are communicated.

Early issue detection: Analysing Title Register documents to spot potential issues early on, preventing potential delays.

Stay one step ahead with movebutler

movebutler combines AML Compliance, Legal Preparation and Surveys with Material Information to get Estate Agents, buyers, and sellers moving faster. By reducing your time spent on Material Information admin, alongside other parts of the Conveyancing process, movebutler acts like an additional member of your team to help you build revenue and get paid quicker.

With movebutler, you can:

• Increase pipeline turn
• Save time and reduce admin with pre-populated Material Property Information
• Easily store and distribute property information to prospective buyers via new bespoke Property Report links
• Reduced risk of sales falling through with key information shared much earlier in the process
• PC statement

Turn compliance into an opportunity to provide better services, more revenue, and delight clients.

Why not put yourself and your clients in more control with Premium Conveyancing? Provide your clients with upfront Material Information and a complete conveyancing service, it’s designed to support speedier, smoother, and more successful sales.

To find out how to speed up your transaction times by up to 5 weeks, fill out the form below or contact movebutlerenquiries@iamproperty.com.

For further insights and resources on effectively managing Material Information, explore our Material Information Hub.

*  sourced from https://thenegotiator.co.uk

** sourced from https://www.estateagenttoday.co.uk