Four proptech providers – LMS, Landmark Information Group, InfoTrack and Decision First – have launched a joint initiative to help lenders and conveyancers access and share trusted information more easily across the home buying process.
The collaboration brings together platforms already widely used across the market to improve interoperability, simplify key transaction stages and help trusted information move earlier in the process – reducing duplication, supporting faster decisions and helping transactions progress with greater certainty.
Collectively, the organisations support over 90% of UK lenders and residential conveyancing firms, creating a significant opportunity to improve how existing systems work together without requiring firms to adopt new platforms.
While access to data and digital tools has improved in recent years, adoption and ease of use remain inconsistent and processes are often fragmented. Lenders and conveyancers frequently navigate multiple systems to complete a single transaction, leading to duplicated effort, delays and limited visibility across the transactions.
The new collaboration is focused on improving how existing systems connect. Initial work will focus on stages of the transaction where duplication and manual processes are most acute, including digital identity checks, mortgage offer distribution, redemption statement requests, Certificate of Title (COT) submission, electronic document signing, and charge registration and funds settlement.
The programme will be shaped through ongoing engagement with lenders and conveyancers and aligns with wider industry efforts to deliver a more connected transaction process, with a focus on improvements that can be implemented incrementally and at scale.
The collaboration follows major reforms recently announced by the government which aim to cut homebuying delays, reduce and digitalise paperwork, and stop sales collapsing.
The changes aim to cut homebuying times by around four weeks, save first-time buyers an average of £650, and stop sales falling through.
At the heart of the reforms is a major shift to digital – replacing outdated paper-based systems with faster, more reliable tools.
Sellers and estate agents will have to provide key information upfront in sales packs at the point of listing and digital property logbooks and sales packs will allow trusted information to be shared securely between professionals and accessed by buyers and sellers in real-time.
The government will also back digital identity checks, electronic signatures and AI-assisted conveyancing to strip out duplication, reduce fraud risk and accelerate transactions from start to finish.
