Forty-two organisations have committed their support to the National Property Transaction Network (NPTN), described as an ‘interoperable, digital ecosystem’ by its creators, following a successful pilot in late 2024.
The NPTN has been created by LMS and uses the a framework of secure, reusable data to share information through the course of the transaction, built on the principles outlined by the Open Property Data Association and the Property Data Trust Framework, meaning the data can be trusted and relied upon.
NPTN provides what is being called ‘Horizontal Digital Integration’ (HDI) across systems and stakeholders to enable better communicate, reduce duplication and have a wider view of the transaction. In its initial pilot LMS said the network achieved a 35% reduction in completion times and a 43% drop in fall throughs. In July LMS announced it had secured the support of 15 major lenders will all contribute to the network, which connects conveyancers, suppliers, agents and lenders throughout the property transaction process.
Commenting on the inclusive nature of the network, Nick Chadbourne, CEO at LMS said:
‘The stakeholders adopting NPTN aren’t just participating – they’re proactively shaping the future of property transactions. Their early adoption has been critical in helping us prove what’s possible when smart data flows securely and seamlessly between platforms, without restrictions or silos. We’re incredibly grateful to every partner who has joined us at this stage. By working together with shared goals and transparent standards, we’re building an ecosystem that benefits everyone – faster processes, better data, and ultimately a simpler experience for the customer.’
The latest organisations to commit to the network include law firms and technology suppliers with a sandbox/test environment launched in July of this year offering a space for firms to test and integrate without needing live cases. The first use case focuses on digital ID and QES-enabled deeds, with full collaboration across 15 lenders, tech suppliers, and legal partners.
Speaking on the Today’s Conveyancer Podcast earlier this Year LMS commercial director Travis Scholes explained how NPTN was designed to join up the digital development being done in each of the lender, agency, and conveyancing spaces so as to create better interaction and efficiency. ‘What’s missing’, explained Scholes, ‘is a place where all those different elements of digitisation can work best together and and make the best use of that digital maturity that has taken place’.
The announcements comes a week after LMS, alongside 23 other organisations, were the signatories to a new charter setting out the ambition to achieve 28-day ‘sale agreed to exchange’ timescales for property transactions. Project28 sets out eight commitments designed to improve efficiency, transparency and trust, and will focus on increasing the use of relevant upfront data provision, boosting the adoption of secure interoperable data repositories, and promoting best practice via a recognisable mark.
Law firms engaging with NPTN
Ackroyd Legal | Bell Lamb & Joynson | BRM Legal | Evolve Law | Grant Saw Solicitors | Hennah Hayward Law | Harding Evans | Knights | Movera | Muve | Ronald Fletcher Baker LLP | Signature Law | Swiitch | The Partnership | WS Strategic Ltd
Technology Providers engaging with NPTN
4Corners Property | 4Stamp | Acre Software | Actionstep | Addland | Alto Software Group | Armalytix | CLSQ | Collaborative Conveyancing | Credas | Gazeal | InTouch | Legalito | Mortgage Brain | Moverly | Movemnt | One Mortgage System | Open Moove | ProConvey | SDLT Compass | Skenario Labs | Snappily | Sprift | Thirdfort | TM Group | Verify365 | Yoti
