According to a statement, the latest version of the BASPI incorporates amendments to Part A, addressing additional information requests such as freehold shares, reserve funds, property location within the ULEZ area in London, building storeys, and commercial property inclusion, among others.
New specific questions in this iteration cover aspects like title defect insurance, mobile phone coverage, heat pumps, coastal erosion risks, and accessibility features.
The BASPI and its schema are available for reference on the HBSG website.
Improving the buying and selling processes
In addition to the BASPI launch, the Conveyancing Association is inviting its members and other market stakeholders to engage in a recently announced inquiry by the Levelling Up Committee. This inquiry, as noted in the statement, aims to enhance the home buying and selling process, seeking feedback on transaction processes, information provision, and the role of conveyancers.
Beth Rudolf, director of delivery at the Conveyancing Association, emphasised the importance of annual reviews to keep the BASPI up-to-date and relevant and encouraged stakeholders to participate in the Levelling Up Committee’s inquiry.