Related topic: OPDA

The buy-to-let lender, which is owned by Starling Bank, has committed to improving the home moving process through better use of data and collaboration.

A government backed sandbox has tested how trusted property data can be accessed, verified and shared securely between organisations in the UK property market.

The Open Property Data Association (OPDA) finds that 58% of property moves fall through in the post-offer stage.

The Open Property Data Association (OPDA) has found that 66% of homebuyers have been put off moving again, a figure which rises to 73% among second steppers.

The OPDA argues that far greater urgency is required to strengthen the resilience of the housing market.

Both organisations have been key advocates for innovation and reform within the sector.

Property Deals Insight will support the transformation of the homebuying process through the sharing of digital property information.

The two firms will work together to identify areas where data-led solutions and consistent digital frameworks can reduce duplication and cut transaction times.

The project will enable ‘sandbox’ testing, establishing the technical, regulatory, and security standards required for large-scale adoption.

Santander joins the OPDA to further industry engagement on tackling the inefficiencies in the home buying and selling process.