What is Required Material Information?
Mandatory on all property listings, as required by Consumer Protection Regulations.
Gazeal generates a one-page Required Material Information summary for Agents to use on listings and share with Buyers. It covers Parts A, B and C where they apply to the property.
Buyers who want more can click through to Gazeal’s Upfront Information Pack from the summary sheet.
Market Leaders in Upfront Information Packs Since 2019
01
2019: the first Upfront Information Packs
Gazeal began producing Upfront Information Packs in 2019. Since then it has produced over 10,000 of them, helping thousands of Agents and home movers.
02
2022: Agents tell us what they want
In January 2022, Gazeal and National Trading Standards worked together to find out what Agents think. They found that 91% of Agents want Upfront Information Packs to be mandated.
03
2023: Trading Standards publishes its guidance
In November 2023, Trading Standards published full Material Information guidance for Agents. Agents have been expected to follow it from 2024.
2024 onwards: Gazeal’s one-page summary
Gazeal produces a one-page summary for Agents to use on listings and share with Buyers. It helps Agents:
1. Meet their Material Information requirements on every listing
2. Save time on admin and avoid unnecessary stress
3. Reduce the risk of fines and prosecution
FAQ
How do I collect all this information?
You don't have to. Gazeal will collect all this information from your Seller and other sources and create a Material Information Sheet for you to use on portals and share with potential buyers.
What are the Material Information that Sellers need to provide?
The material information fields for sellers, as outlined in the document, are as follows:
1. Title Deed to the property
2. Lease or leases
3. Council Tax bill/ Domestic Rates bill (NI)
4. Details of your utilities: Electric, Gas, Water, Broadband, Sewerage
5. Details of and issues with mobile coverage
6. Parking availability
7. Mortgage or insurance availability
8. Whether the property has flooded in the last five years
9. Details if your property is at risk of coastal erosion
10. Details of building safety issues
11. Details of previous flood events
12. Mining information
13. Planning permissions which could affect your property
14. Property accessibility adaptations
These are the material information fields that sellers should provide to property agents to ensure transparency and informed decision-making for potential buyers.
What is "Material Information" in property listings?
Material information is essential details that the average buyer needs to make an informed decision to view a property. It includes both positive and negative information, such as asking price/rent, deposits or tenure, council tax banding, physical characteristics, utility information, parking, building safety issues, restrictions, flooding or coastal erosion risks, planning permissions, accessibility adaptations, and mining issues.
