NTS: Material Information in Property Listings – Guide for Sellers

Here we provide a useful like to NTS Material Information in Property Listings – Guide for Sellers and Landlords November 2023

NTS states: Material information is information that the average person needs to be able to make an informed transactional decision – basically whether a buyer or tenant decides to enquire further, view, or buy/rent a property.

This information, where known, should be provided at the earliest reasonable opportunity, normally via the property portals when a property is advertised. Any information provided in a property listing must be accurate and truthful, and not misleading. Important information should not be left out of, or hidden, on property listings or at any part of the buying/renting process.

Material information can be positive or negative information, for example, if your property requires the new purchaser to pay into a sinking fund for any building works, you need to let them know, and where possible, the costs that they can be expected to pay.

Material information does not cover things specific to the individual wants, such as being near a pub or gym. Helping your property agent to disclose material information included in this guide should help to ensure only those with a legitimate interest in your property will enquire, view, or put an offer in.

What should be in a property listing? They have separate guides for property sales and lettings, but generally the minimum information that should be displayed is:

■ Asking price/rent

■ Deposits (lettings) / Tenure (sales; including detail of any inescapable costs, such as service charges, ground rents, estate rent charges etc.)

■ Council tax banding/rates

■ Physical characteristics of the property

■ Number and type of rooms

■ Utilities information

■ Parking And, where relevant:

■ Building safety issues

■ Restrictions, rights, and easements

■ Flooding or coastal erosion

■ Planning permission considerations

■ Accessibility adaptations

■ Coal or other mining issues

Please find the link to the full document here: National Trading Standards Material Information

If you'd like further advice on these matters please dont heitate to make contact with our friendly team on 01904 404558