Landmark unveils new proposition to connect the home-moving market
Landmark Information Group today unveils LandmarkConnect – a series of digital hubs for each of our industry sectors to help connect the home-moving market. As the largest and broadest UK prop-tech company, Landmark has been working to open up their industry-leading data sharing systems and services to improve efficiencies across the home-moving process.
With the home-moving industry famed for its disconnected and siloed systems, the lack of connection in the market is increasingly obvious to home-movers and industry alike. In a world now used to near instant personal communication, it’s clear that bringing speed and connectivity to the homebuying market will help everyone involved. It takes 133 days on average to buy a home in England and Wales, with months of stress and uncertainty for consumers, and unnecessary duplication and inefficiency for the industry.
The series of open, accessible and standardised hubs from Landmark will allow the currently disconnected parts of the home-moving industry to connect to each other in near-real time. The hubs will allow property professionals to access trusted data, documents and progress information, passed seamlessly between all stakeholders, as and when they need it to support buyers and sellers.
LandmarkConnect builds on the success of Landmark’s industry-leading Secure Panel Network – the established network already used and trusted by the mortgage industry to communicate millions of transaction messages a year between lenders and surveyors. The latest release of this network, now built on the LandmarkConnect platform, supports rich document exchange between multiple parties. It has been through successful scale validation with major lenders since autumn 2022 and enters full service this summer. With ongoing updates throughout the year and beyond, the system will connect more data across more hubs for other industry stakeholders.
Landmark Information Group CEO, Simon Brown, said: ‘The UK’s home-moving process isn’t working well, with enormous duplication and inefficiencies leading to staggering delays for home-movers. This is both stressful and frustrating for home-movers, and enormously wasteful for property professionals. We want to create a more efficient and better-connected market, where everyone benefits from shared data and insights.
Landmark Information Group has the largest property data set in the UK, spanning the entire property value chain, and so we believe we are best-positioned to deliver the scale of ambition needed to make the home-moving process as efficient as it can be. Although this will be a phased roll-out, we’re enormously excited for the revolution this could ultimately bring to the UK’s home-moving process.’
Kindly shared by Landmark Information Group
Main article photo courtesy of Pixabay
