UK’s largest mortgage lender vows to help speed-up home sales

Lloyds Banking Group (LBG) has become the latest member of the Open Property Data Association (OPDA), committing to help speed up and simplify the homebuying process by sharing digital property information across the housing market.

LBG, the UK’s largest mortgage lender, said it will support the OPDA in developing transparent data sharing practices, raising standards and creating best practice across the property industry. 

Through its mortgage lending brands and industry partners, LBG said it will support OPDA’s latest framework for property data standards. 

Claire Cherrington, head of strategic and technology partnership at Lloyds Banking Group, said: “We are passionate about driving shareable data that can improve the end-to-end house buying process creating a safer, more trusted experience for customers.“

“We are right behind OPDA in their mission to change the way people buy and sell houses by implementing open data standards and encouraging transparent data sharing across the residential property sector.”

Maria Harris, chair of OPDA, said: “Lloyds Banking Group joining us is a momentous step forward for open data sharing and a huge endorsement of our mission. 

“Having Lloyds Banking Group as an OPDA member is fantastic; it will help us get the message across to the property market that open data standards are fundamental to digitising transactions and that we can deliver a better experience for everyone. Having accurate and trustable data about our property is vital to give people and the industry confidence.”