Whether you are a seasoned property investor or you are selling your property for the first time, one of the most important documents you will have to fill in during the process is the Property Information Form. As the name suggests, this form contains information about the property’s ownership, boundaries, disputes, compliance with building regulations and other factors affecting the property. The Form forms part of the contract and is binding on the seller, therefore all the information provided has to be to the seller’s best knowledge.
This might turn out to be an illustration of the law of unintended consequences. The problem lies in the neatly titled "Consumer Protection from Unfair Trading Regulations as amended by the Consumer Protection ( Amendment) Regulations 2014." You will not be surprised to know that this all originates from an EU directive.