Skipton Building Society has joined the National Property Transaction Network (NPTN), a digital platform designed to connect estate agents, mortgage lenders and conveyancers throughout the homebuying process.
The platform, launched by Connells Group and LMS, aims to enable property, identity and financial information to be captured once and securely shared between relevant parties during a transaction. This approach is intended to reduce duplication and fragmented communication across the homebuying chain.
Industry adoption
Current users of the platform include Moverly, Credas and Armalytix, alongside Connells branches, LMS panel conveyancers and Lloyds Banking Group. The network brings brokers, lenders, agents and conveyancers onto a single platform to share information.
The expansion comes as estate agencies face operational challenges, with industry participants seeking more efficient transaction processes. The initiative aligns with the Government’s Homebuying and Selling Roadmap, which emphasises making property information available earlier and easier to share digitally.
Skipton’s involvement will explore how information can be used earlier in the property journey, including through digital property identity, where key property information remains connected throughout a transaction rather than being repeatedly requested at different stages.
Market implications
Si Farrell-Roberts, Head of Lending at Skipton Building Society, said: “At a time when customers should be looking forward to their next chapter, they can instead find themselves navigating a process that feels fragmented and unpredictable.”
He added that having access to reliable information earlier could help lenders make faster decisions for customers.
The platform’s development reflects broader industry efforts to streamline property transactions, similar to how specialist lenders are adapting their processes to meet changing market demands.
Chris Rosindale, Chief Operating Officer at Connells Group, stated the partnership would extend NPTN’s reach and deliver on a key aim of the Government’s roadmap. He noted the group intends to share learning with government and the wider industry so improvements can benefit consumers across the whole market.
The platform’s adoption by Skipton Building Society represents growing momentum within the property sector to make transactions more connected and transparent through earlier, secure information sharing between parties involved in home purchases and sales.
