Landmark Information Group has unveiled a series of open, accessible and standardised digital hubs that aim to connect parts of the home-moving market in near-real time and speed-up transactions.
The service, called LandmarkConnect, builds on the success of Landmark’s industry-leading Secure Panel Network – the established network already used and trusted by the mortgage industry to communicate millions of transaction messages a year between lenders and surveyors.
The latest release of this network, now built on the LandmarkConnect platform, supports rich document exchange between multiple parties.
The hubs will allow property professionals to access trusted data, documents and progress information, passed seamlessly between all stakeholders, as and when they need it to support buyers and sellers.
It has been tested with major lenders since autumn 2022 and enters full service this summer. With ongoing updates throughout the year and beyond, the system will connect more data across more hubs for other industry stakeholders.
Simon Brown, chief executive of Landmark Information Group, said: ‘The UK’s home-moving process isn’t working well, with enormous duplication and inefficiencies leading to staggering delays for home-movers.
“This is both stressful and frustrating for home-movers, and enormously wasteful for property professionals. We want to create a more efficient and better-connected market, where everyone benefits from shared data and insights.
“Landmark Information Group has the largest property data set in the UK, spanning the entire property value chain, and so we believe we are best-positioned to deliver the scale of ambition needed to make the home-moving process as efficient as it can be. Although this will be a phased roll-out, we’re enormously excited for the revolution this could ultimately bring to the UK’s home-moving process.”
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