Forty-two organisations have joined the newly launched National Property Transaction Network (NPTN), aiming to revolutionise property transactions through interoperability, digital identity verification, and industry-wide collaboration, signalling a significant shift towards efficiency and transparency in the UK property sector.
Forty-two organisations have recently pledged their support to the National Property Transaction Network (NPTN), an interoperable digital ecosystem designed to revolutionise property transactions in the UK. Established by LMS, the NPTN facilitates the seamless sharing of secure, reusable data throughout the property transaction process, thereby enhancing communication, reducing duplication, and offering a comprehensive view of each transaction.
LMS developed the NPTN based on principles promoted by the Open Property Data Association and the Property Data Trust Framework, ensuring that data shared across the network can be trusted and relied upon by all stakeholders. This “Horizontal Digital Integration” (HDI) initiative aims to unify different systems and participants — including conveyancers, suppliers, agents, and lenders — creating a collaborative environment that fosters efficiency and transparency. According to LMS, the pilot programme conducted in late 2024 yielded promising results, including a 35% reduction in completion times and a 43% decline in transaction fall-through rates.
The network has gained significant momentum, with 15 major lenders having publicly committed to the initiative and actively participating in its sandbox environment introduced in July 2024. This secure testing space allows stakeholders to integrate and assess new functionalities without impacting live cases. The first use case within this sandbox focuses on digital identity verification combined with Qualified Electronic Signatures (QES), demonstrating how technology can eliminate the need for physical witnessing and potentially accelerate processes. Prominent lenders such as HSBC UK Bank, Lloyds Banking Group, and Gen H are among those driving this innovation, underscoring a broad industry commitment to modernising the property market.
Speaking on the Today’s Conveyancer Podcast earlier this year, LMS commercial director Travis Scholes explained that NPTN was created to link digital advancements emerging in various property sectors, including lending, agencies, and conveyancing. Scholes highlighted the absence of a unified platform that integrates all these digital efforts, emphasising the network’s role in harnessing the growing digital maturity to streamline transactions and improve industry-wide collaboration.
Adding to these developments, LMS has bolstered its commercial team to support the network’s expansion and ensure robust engagement with the estate agency and conveyancing sectors. The appointments of Mat Hahn as Head of Estate Agents, Emily Haskey as Head of Customer Success, and Richard Norman as Head of Partnerships signal LMS’s dedication to fostering relationships that will drive the success of NPTN and related digital initiatives. Their combined expertise is poised to help embed innovations such as Digital Sale-Ready listings and other seamless integrations into everyday workflows.
In a broader context, LMS and 23 other organisations recently signed a charter under the banner of Project28, aimed at achieving a 28-day “sale agreed to exchange” timeline for property transactions. The project sets out eight commitments to improve efficiency, transparency, and trust across the sector — goals that align closely with NPTN’s mission. Among these commitments are increasing the provision of relevant upfront data, enhancing adoption of secure interoperable data repositories, and promoting best practice via a recognised industry mark.
The organisations now engaging with NPTN reflect a wide cross-section of the property industry. Law firms such as Ackroyd Legal, Harding Evans, and Ronald Fletcher Baker LLP, alongside technology providers like Gazeal, Mortgage Brain, and Thirdfort, have joined the network. This diverse participation suggests a shared recognition of the benefits that a collaborative digital framework can bring to one of the UK’s most complex and historically paper-intensive sectors.
As LMS celebrates over 30 years of leading conveyancing services in the UK, the launch and rapid expansion of the National Property Transaction Network represent a significant step toward transforming property transactions through technology. The company’s refreshed branding and new website underpin this evolution, signalling a future where all stakeholders in the property market can connect and operate with greater efficiency and confidence, ultimately enhancing the customer experience.
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Source: Noah Wire Services
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The narrative was published on September 22, 2025, reporting on 42 organisations joining the National Property Transaction Network (NPTN). The earliest known publication date of similar content is November 20, 2024, when LMS introduced the NPTN. ([todaysconveyancer.co.uk](https://todaysconveyancer.co.uk/introducing-the-national-property-transaction-network/?utm_source=openai)) The report includes updated data, such as the 35% reduction in completion times and 43% drop in fall-throughs from the pilot, which may justify a higher freshness score but should still be flagged. ([todaysconveyancer.co.uk](https://todaysconveyancer.co.uk/national-property-transaction-network-pilot-reduced-completion-time-35/?utm_source=openai)) The narrative does not appear to be republished across low-quality sites or clickbait networks. The content is based on a press release from LMS, which typically warrants a high freshness score. No discrepancies in figures, dates, or quotes were identified. The narrative includes updated data but recycles older material, which may justify a higher freshness score but should still be flagged.
Quotes check
Score:
9
Notes:
The direct quote from Nick Chadbourne, CEO at LMS, appears to be original and not found in earlier material. The wording matches the press release from LMS. ([todaysconveyancer.co.uk](https://todaysconveyancer.co.uk/interoperable-digital-ecosystem-welcomes-42-new-organisations-to-its-transaction-network/?utm_source=openai)) No identical quotes appear in earlier material, indicating potentially original or exclusive content.
Source reliability
Score:
7
Notes:
The narrative originates from Today’s Conveyancer, a publication focused on the conveyancing industry. While it is a specialised outlet, it is not as widely recognised as major news organisations like the Financial Times or BBC. The report is based on a press release from LMS, a reputable company in the conveyancing sector. However, the reliance on a single source may limit the breadth of information.
Plausability check
Score:
8
Notes:
The claims about the NPTN’s achievements, such as the 35% reduction in completion times and 43% drop in fall-throughs, are plausible and align with industry goals. The narrative lacks supporting detail from other reputable outlets, which is a concern. The report includes specific factual anchors, such as names, institutions, and dates, enhancing its credibility. The language and tone are consistent with industry reporting. There is no excessive or off-topic detail unrelated to the claim. The tone is formal and appropriate for corporate communication.
Overall assessment
Verdict (FAIL, OPEN, PASS): OPEN
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The narrative presents updated information about the NPTN, including new organisational commitments and pilot results. While the content is based on a press release from LMS, which typically warrants a high freshness score, the reliance on a single source and lack of corroboration from other reputable outlets raise concerns. The plausibility of the claims is supported by industry context, but the absence of external verification limits the overall confidence in the report’s accuracy.
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