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

Foundation raises income multiples for higher-earning mortgage borrowers

Foundation Home Loans has increased the amount higher-earning residential borrowers can access under changes...

Wealthy Advisers Club funds £997 wellbeing retreat place to MIMHC

The Wealthy Advisers Club has donated a fully funded place at its inaugural Digital...

Access FS mortgage business rises 46.8% in record July

Access Financial Services recorded its strongest month for mortgage business in July, with activity...

LiveMore launches mortgage podcast for brokers and advisers

LiveMore has launched a podcast series covering developments in the specialist and later-life lending...

Mortgage myths deter would-be first-time buyers

Misconceptions about mortgage eligibility may be prompting aspiring first-time buyers to abandon their plans...

Latest publication

Other news

Let’s not get bogged down in the macro, let’s focus on the ones and twos

In challenging times such as this, it often feels like the first instinct for...

Foundation raises income multiples for higher-earning mortgage borrowers

Foundation Home Loans has increased the amount higher-earning residential borrowers can access under changes...

Wealthy Advisers Club funds £997 wellbeing retreat place to MIMHC

The Wealthy Advisers Club has donated a fully funded place at its inaugural Digital...