Etive Limited, coordinators of the MyIdentity scheme for home buying and selling, has revealed that Bluestone Mortgages has confirmed its participation in the digital identity scheme and will take part of the pilot test project.
The pilot runs from November 2021 to December 2022.
The trust scheme for home buyers and sellers, called MyIdentity, is designed to become a central hub for consumers, to help them prove who they are once only in a secure digital way. Under the scheme, home buyers and sellers will no longer be repeatedly asked to give their details to all the parties involved in the chain of transactions.
Andrew Davies, chief compliance officer at Bluestone Mortgages, said: “We’re delighted to join the digital identity trust scheme and work with the team at MyIdentity on this crucial pilot. We recognise the importance of digital identity and the need to provide home buyers and sellers with more control over their details.
“By being part of this scheme, at a time when more people are turning to specialist lenders, we will continue our mission to further streamline the mortgage process in a safe and secure way.”
Stuart Young, managing director at Etive, said: “The MyIdentity trust scheme has attracted a leading non-bank lender to work with us during the pilot. Bluestone Mortgages is a key name in mortgage lending, specialising in complex credit, specialist lending.
“I expect we will be able to welcome more lenders, including building societies and banks, into the pilot in the new year.”
