Property industry bodies seek ‘real world’ views on Material Information rules

The Property Lawyers Action Group unsuccessfully argued that the new TA6 form may 'unnecessarily impose substantially increased criminal and civil liability on solicitors.'

Providing prospective buyers or tenants with more up-front information about a property should result in shorter transaction times and fewer fall-throughs.

Propertymark data shows that, in March 2016, 78% of transactions progressed from offer acceptance to exchange of contracts within 12 weeks; in March 2024, the figure had slumped to just 29%.