LMS has partnered with Connells Group, Moverly, Peter Alan, and TM Group to launch a UK pilot scheme on 2 September.
The firm says the cross-industry collaboration aims to “showcase how working horizontally across key stages of the home-buying and selling journey can positively impact multiple stakeholders involved in the process, creating greater efficiencies and enhanced transparency for all”.
Whilst the pilot harnesses new technology, the core foundations of the trial are embedded in the principles of the Property Data Trust Framework (PDTF) to apply sector-wide policies and processes to multiple stakeholders.
The aim of the pilot is to create a Digital Sale-Ready listing that allows for the reuse of data, including ID verification, and in return, reduces duplication, provides “instant” visibility of key documentation, allows searches to be ordered at point of listing with TM Group and provides a singular, end-to-end user journey
Ian Fry, group chief executive (estate agency) at Connells Group, said: “Connells Group remains committed to supporting industry initiatives that seek to improve the home-buying and selling experience for all parties.
“The breadth of our operations provides us with a unique insight into some of the challenges that have hindered progress in recent years, and our collaboration with LMS and their partners will provide an ideal opportunity to rapidly test and validate how key stakeholders can really work together to overcome these challenges and deliver a quicker, smoother and less stressful experience for all.”
Nick Chadbourne (pictured), CEO at LMS, added: “For years now, there has been an assumption that upfront information, sharable data and ID verification will speed up the home-buying and selling process. This pilot will look to prove those concepts, either way.
“Collaboration with like-minded partners has been key. LMS are willing to work with any organisation that shares the same commitment to positively impact the home-buying and selling process. We have an open invitation approach to collaboration, so if you are interested in seeing how working with LMS can benefit your customers, please do reach out.”
