Following a successful pilot of its National Property Transaction Network (NPTN), conveyancing connectivity platform provider, LMS, is inviting more organisations to access the ecosystem.

During the pilot, which launched in September 2024, LMS gained valuable insights from live data, seeing how people engage and work with the transaction network, and the positive results that followed.

This has resulted in LMS opening up their existing network, enabling more organisations to benefit from a slicker and quicker home-buying and selling journey.

Agnostic access

Regardless of organisation size or the platforms they use, any invested stakeholder in the conveyancing journey can access the network.

Having access to reliable and shareable data means that stakeholders can make decisions early in the process, contributing to a more efficient and, therefore, quicker home-buying and selling timeframe.

For the customer, NPTN provides a single access point that reduces duplication and means they only have to provide their data once.

The development is thanks to a positive working relationship between the Open Property Data Association (OPDA) and LMS to implement the Property Data Trust Framework (PDTF), so that it can learn how to reuse and distribute data in this secure and effective way, and, therefore, act as a trusted third party for conveyancers.

Industry-first

A key feature of NPTN is The Sandbox, a secure, isolated space where new ideas can be developed and tested without impacting live systems. This is an industry first in the home-buying and selling ecosystem, setting a new benchmark for how innovation is fostered in the sector.

It provides stakeholders with a unique space to collaborate, experiment, and refine their ideas in a controlled and risk-free environment and enables cross-industry partnerships, driving solutions that address real-world challenges in property transactions.

Travis Scholes, Commercial Director at LMS, commented: “The expansion of LMS’s ecosystem and its shared learnings is an opportunity for many industry professionals to influence and shape the home-buying and selling journey. So, whether you’re an estate agent, law firm, lender, vendor or part of the broker community, LMS encourages you to reach out and get involved.”