Digital Transactions
Homebuying's data overhaul moves towards practical testing
CFIT's Open Property Coalition is entering a second phase focused on testing how property data can be shared and relied on across the homebuying chain.
The Centre for Finance, Innovation and Technology (CFIT) announced on 29 October 2026 the next phase of its Open Property Coalition. CFIT says the group is moving from developing recommendations, set out in its Open Property Roadmap earlier this year, to testing practical approaches.
Over the coming months, members are expected to develop and test real-world use cases, including Digital Property ID and Smart Data-enabled scenarios, examine how existing standards can work together, and build a prototype to identify barriers to adoption. Named participants include lenders, conveyancing and search organisations, and proptech providers. CFIT says government departments, HM Land Registry and the Digital Property Market Steering Group will monitor progress.
This is a testing programme, not a system already deployed across the market.
Why it matters
For agents, conveyancers and lenders, the useful output will be evidence on the minimum requirements for relying on shared data — who vouches for it, in what format, and with what liability. Firms planning data or case-management investments should follow which standards the coalition tests, rather than assume a single national platform is imminent.
Sources
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