Third revision adds requirement for UPRN and 'smart home' details
The form designed to speed up the legal process of property sale and purchase has been updated for the third time by trade and representative bodies representing the legal, surveying, estate agency, and property management sectors.
The Buyer’s and Seller’s Property Information (BASPI) form, which contains all the information required about a property when it is put on the market for sale, was developed by the upfront information working group of the Home Buyers and Sellers Group (HBSG).
Information provided in the BASPI allows the seller to ensure their property is both ‘Market Ready’ – in the disclosure of material facts within Part A – and ‘Sale Ready’ - with the information collated in Part B used by both the seller’s and the buyer’s property lawyer and valuer.
This new version of the BASPI contains a number of amendments, including new requirements such as the Unique Property Reference Number (UPRN) for the property, information if the property is shared ownership, leasehold details, spray foam insulation, and smart home systems information.
For the first time, information regarding whether the property has a digital property logbook, which will be transferred on completion, is also required, as is detail on where it is held.
Beth Rudolf, director of delivery at the Conveyancing Association, said updating the BASPI helps all stakeholders in the process secure the information they need to provide to consumers, who can then use it to make a fully informed decision about the property.
She also emphasised the importance of enabling data in the BASPI to be digitally collected and shared across all of the stakeholder technology systems to avoid duplication.
“This ensures we don’t need other bits of paper which include less and/or conflicting information resulting in additional enquiries delaying the process,” Rudolf said.
