The contents of this page are not a substitute for the legislation, government communications and professional standards referenced, which should be read and understood in full before application. The page and FAQs do not constitute any form of professional or legal advice and should not be relied on or treated as a substitute for specific advice relevant to particular circumstance.
January 2026
Introduction
Homebuying and selling is an area that has come under increasing scrutiny over the past few years. The length of time it takes to buy and sell, along with the number of purchases that fall through, have led to a focus on how buyers are informed about the home that they are purchasing and how that information is made available.
This page covers some of the key activities that are happening with regards to home buying and selling and sets out how RICS is responding.
Reforming the home buying and selling process
Whilst there is active work happening in terms of digitising the home buying and selling process the government are looking at further reform. Launched in October 2025 the government’s consultation sets out their vision to deliver a home buying and selling system, driven by informed consumers, innovative technology and high-standard professional services.
Government believes a future home buying and selling system should be built around the following objectives:
- Faster, more reliable transactions – enabled by better digital tools, streamlined processes, and reduced repetition
- Reduced fall throughs and risks, including those caused by property chains – giving consumers and professionals greater clarity
- High professional standards – ensuring competence and accountability across the sector
- Better informed consumers – through improved education and transparency
- Trust and confidence in the system – leading to higher satisfactions and a more resilient market.
The consultation touched on:
- Professionalising home buying and selling through mandatory qualifications and a Code of Practice
- Digital Property Packs and logbooks
- Binding conditional contracts
- Increasing consumer education and transparency
- Streamlining transactions
- Digitalisation
- Leasehold sales information
RICS held a number of roundtables with members on the consultation, and this feedback was used in the RICS response to the Home Buying and Selling Reform consultation.
Subject to the outcome of the consultation, government will publish a roadmap setting out their approach to home buying and selling over the course of this parliament. Currently there is no planned legislation to support any significant changes. RICS will share an update once we have more information.
Material information in property listings
At the same time as government launched their consultation on home buying and selling reform, they also published a consultation on material information. This follows on the introduction of the Digital Markets Competition and Consumer Act 2024 and the withdrawal of the guidance on material information developed by National Trading Standards Estate and Lettings Agency Team.
As a member of the steering group involved in the development of the material information guidance, RICS had concerns about the guidance that were not addressed.
Taking into account feedback from the home buying and selling roundtables and more detailed discussions with members, RICS response to the consultation focused on the role that professional advice and expertise should play in providing material information.
RICS supports the provision of upfront information, better informed consumers, make better informed decisions. However, there needs to be consideration given to how information is shared. For example, the proposed guidance suggests including Japanese knotweed as material information under issues with the property.
Without professional expertise it can be very difficult to identify Japanese knotweed. Japanese Knotweed is more prevalent at certain times of year than others, therefore, it may not be present upon at the point of marketing but subsequently may be visible at the point of sale. There is also the potential for the knotweed to have been cut back and not visible at the point of initial marketing.
Simply noting the presence of Japanese knotweed in a property listing, without any additional context such as the presence and/or implementation of a management plan, could unintentionally blight a home.
RICS will continue to engage with MHCLG and other key stakeholders on the importance of ensuring that professional advice and expertise is integrated into the home buying and selling process.
Home Buying and Selling Council
RICS are a member of the steering group of the Home Buying and Selling Council (HBSC).
The HBSC works with government, professional and trade bodies, regulators, redress schemes, Ombudsman and industry leaders to identify barriers, share data, and support initiatives that make home moving more transparent, efficient, and trusted.
To find out more and receive regular updates from the HBSC – follow the link to Get Involved.