New regulations increase the transparency of real estate listings

UNITED KINGDOM: The goal is to make the process of purchasing, selling, or renting more transparent and less stressful for everyone involved. Everything revolves around assisting you in choosing a property with knowledge. (Reported by news source)

Additionally, since the facts are unambiguous and everyone is aware of what they are agreeing to from the outset, it should eventually make your sale, purchase, or renting process go more easily.

The specifics of a property that could affect your decisions regarding it are referred to as "material information."

It is described as "information which the average consumer requires, depending on the situation, to make an informed transactional decision" by National Trading Standards (NTS).

Estate brokers must disclose any inescapable expenses related to a property when they market it for sale or rent starting in May 2022.

It is advised to get in touch with the estate agent to ask them for further information if a home you are interested in is lacking certain information.