A revised home information pack-inspired form, providing more upfront property information for prospective buyers to speed up the conveyancing process, has been unveiled by a stakeholder group helping the government. Unique property reference numbers and smart home system information have been added to the Buyer's and Seller's Property Information form (BASPI), designed by the Home Buyers and Sellers Group. The form now includes requirements such as the unique property reference number, shared ownership information, leasehold details, spray foam insulation, smart home systems information and whether the property has a digital logbook – which will have to be transferred on completion – and where it is held. |
Law Society Gazette (31/03/2022) |