National Trading Standards

Setting the standard: new rules on marketing property

Setting the standard: new rules on marketing property

From the end of May 2022 estate agents and other property businesses must include length of lease, amount of service charge and ground rent and whether the property is in a shared ownership scheme. This information is absolutely essential to buyers finding out from the start whether a property is worth pursuing or not (e.g. is the lease so short they won’t be able to get a mortgage). Property solicitor Martin Whitehorn explains the new rules…