v2 of the Property Data Trust Framework goes live
We’re delighted to announce the release of v2.0 of the Property Data Trust Framework and
updated JSON schema. Launched via its Technology Working Group, these updates build on the
success of the original framework, learnings from live beta testing, and provide even more
comprehensive guidance for open property data sharing.
One of the biggest challenges facing the home moving industry has been its siloed systems and
processes, closed platforms, and inability to share data in a trusted way. The lack of structured
data and technology standards has stifled innovation and held the industry back, contributing to
a poor customer and user experience – similar to the challenges seen in fintech and current
account data before Open Banking.
The Property Data Trust Framework is a set of principles and guidelines that enable property
data sharing in an open and transparent manner (like Open Banking but for property data). It
sets out the key requirements for data providers, data users, and trust entities to facilitate
secure and seamless property data sharing.
The updated version incorporates the new and updated fields in v4.0 of the BASPI (buyer and
seller property information), changes to LPE forms, new data fields for search results, as well as
the addition of referencing to map digital upfront data directly to other formats such as TA
forms. These changes ensure that the framework remains current and relevant in a rapidly
evolving digital landscape.
This new version of the schema provides an industry ready, standardised format for property
data that ensures consistency and accuracy. By adopting these standards and implementing the
data structures in the schema, the framework makes it easier for industry firms, software
organisations, and connectivity platforms to collect and share data with confidence.
Maria Harris, Chair commented:
” We are excited to release the updated version of the Property Data Trust Framework and JSON
Schema which has been made possible through the amazing support and contributions from our
volunteer group including Adoor, Coadjute, Moverly, Redbrick Solutions, TM Group, etc.”
“We believe that these updates will help organisations navigate the complexities of open
property data sharing and promote greater transparency and innovation in the property
industry”
Lubna Shuja, President of the Law Society of England and Wales added:
“We are committed to helping improve the home-buying experience for consumers and others
involved in the conveyancing process. It needs to be less unpredictable to reduce time scales
and to make it as stress-free as possible.”
“There is no silver bullet. However, one way to improve the process is to provide consumers
with information about the buying process and key information about a property at the very
beginning of their search for a home. Part of the work to achieve this is already at an advanced
stage, and this should help consumers understand what they are buying and lead to a reduction
in sales falling through.”
Kieran Witt, Kotini CEO said:
“A trust-based and open property ecosystem, like the Property Data Trust Framework is
creating, is one of the ways property transactions will become more efficient and less stressful
for the end consumer. Version 2 is yet another step forward, and we’re proud to be supporting
this innovation and its continual development.”
The HBSG and Technology Working Group encourage all organisations involved in property
data collection, NTSELAT Material Information required on advertising a property, upfront
information, property listings, estate agency, searches, or conveyancing to adopt these
standards and help drive the industry forward.
The Property Data Trust Framework v2.0 and JSON Schema are open source and available for free on GitHub https://github.com/Property-Data-Trust-Framework.
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