Top proptech providers join forces

Published on

Four of the UK’s leading Proptech providers – LMS, Landmark Information Group, InfoTrack and Decision First – have launched a joint initiative to help lenders and conveyancers access and share information more easily.

The firms said 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.

This they said should reduce duplication, support faster decisions and help transactions progress with greater certainty.

Collectively, the organisations support over 90% of UK lenders and residential conveyancing firms.

The firms said 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, they said.

The firms involved said the collaboration is focused on improving how existing systems connect – making it easier for lenders and conveyancers to work within the platforms they already rely on day-to-day.

Initial work will focus on high-impact stages of the transaction, where duplication and manual processes are most acute, these include:

  • Digital Identity Checks
  • Mortgage Offer Distribution
  • Redemption Statement Requests
  • Certificate of Title (COT) Submission
  • Electronic Document Signing
  • Charge Registration and Funds Settlement.

The firms said the programme will be shaped through ongoing engagement with lenders and conveyancers, so development is grounded in real user needs and operational challenges.

This approach also 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.

Details on how lenders and conveyancers can engage with this initiative will be released soon.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Nationwide cuts mortgage rates across fixed and tracker range

Nationwide has cut mortgage rates across its fixed-rate range and reduced selected tracker products. The...

Landbay launches new remortgage AVM products

Buy-to-let lender, Landbay, has launched new premier remortgage AVM two-year fixed-rate products and reduced...

Second charge boost as industry veterans launch Flamingo Money

Two experienced specialist finance professionals have launched a new secured loans and second charge...

Approvals hit a 2.5-year low: When broker value gets proven – or missed

Net mortgage approvals dropped to 56,200 in May – the lowest since December 2023...

The Right Mortgage appoints new head of academy

The Right Mortgage & Protection Network has appointed Rebecca Egerton as head of The...

Latest publication

Other news

Nationwide cuts mortgage rates across fixed and tracker range

Nationwide has cut mortgage rates across its fixed-rate range and reduced selected tracker products. The...

Landbay launches new remortgage AVM products

Buy-to-let lender, Landbay, has launched new premier remortgage AVM two-year fixed-rate products and reduced...

Second charge boost as industry veterans launch Flamingo Money

Two experienced specialist finance professionals have launched a new secured loans and second charge...