Coadjute has launched a Digital Property Data Pack (DPDP) service to both simplify and speed up transactions by automatically collating data from numerous sources.
Sellers using the DPDP will be able to complete and share data electronically with other parties involved in the transaction and covers the requirements of the relevant form types including the Home Buying and Selling Group (HBSG) BASPI form. It also includes all important information about a property including its history, ownership and legal status.
Data is automatically populated from a range of third-party sources, including HM Land Registry, Sprift, and Groundsure. That information is then collated into a standard format that can be reviewed and shared between buyers, sellers, estate agents, conveyancers and others over the Coadjute network.
The DPDP fully applies the HBSG Property Data Trust Framework (PDTF) and seamless sharing means data can be uploaded and shared not in a PDF format – a first in the UK. As a result data entered by a home seller and forwarded to an estate agent can be immediately forwarded and uploaded to the conveyancer’s system without rekeying.
The pack can also be switched and viewed in a range of standard formats such as from BASPI to proprietary formats.
Any data source on Coadjute’s open network can be used to populate the pack and every data point has a known origin stating when and where it came from, allowing users to see and compare what different providers believe the data point should be for each field of the form.
It consigns the use of PDFs and emails for data collection to the history books.”
Dan Salmons (main picture), Coadjute Chief Executive, says: “For the first-time, up-front data can be sourced from an infinite range of providers, held in a standard form and passed around the market digitally.
“It consigns the use of PDFs and emails for data collection to the history books.
“It’s one thing collecting information, but half the battle is sharing it.
“For the first time Coadjute enables all the information to be shared rapidly and digitally with the other parties in the deal – as data, without losing provenance.”