"This partnership supports not just Moverly's growth, but creates opportunities for the entire UK property market to benefit from open standards and improved connectivity."
- Gemma Young, CEO of Moverly
LMS, conveyancing panel management specialist and creator of The National Property Transaction Network, has announced a strategic investment in material information specialist Moverly.
Moverly works with the Government, National Trading Standards, legal regulators, and the industry to offer a solution for estate agents and conveyancers as material information requirements come into force.
The material information guidance covers residential sales and lettings across the UK.
Part A requires agents and property portals to publish details during market listing on matters including council tax and charges, tenure type and asking price.
Part B covers information that should be covered for all properties, – such as the type of property, the building materials used, the number of rooms and information about utilities and parking.
Part C is information that only needs to be established if the property is affected by the issue – such as flood risks, restrictive covenants or building safety matters.
LMS and Moverly say the new partnership "marks a significant step toward creating a more connected, efficient property transaction process across the UK".
Moverly's technology simplifies property transactions by enabling estate agents to collect and automatically validate material information at the point of listing. This covers everything from property tenure to flood risks, ensuring compliance with National Trading Standards' requirements.
Agents and their clients can then complete legal forms digitally, delivering Digital Sale Ready properties preloaded with vital legal details. By connecting this data seamlessly to conveyancers via interoperable platforms, Moverly's solution reduces delays, lightens administrative workloads, and enhances the experience for all stakeholders.
Moverly has played an instrumental role in shaping the Property Data Trust Framework (PDTF), the UK's equivalent of Open Banking for the property sector. This framework ensures transparency, standardisation, and interoperability are embedded in industry practices, benefiting all stakeholders in the property transaction process.
Gemma Young, CEO of Moverly, commented: "The property sector has long called for meaningful innovation. With the Property Data Trust Framework now established and this strategic investment from LMS, we're moving beyond discussion to deliver real transformation. This partnership supports not just Moverly's growth, but creates opportunities for the entire UK property market to benefit from open standards and improved connectivity.
"In the past year alone, we've supported over 100 estate agency brands with automated material information collection. Our growing collaboration with agents' conveyancing partners is creating seamless, connected experiences that are already showing significant improvements in transaction times and completion rates. With LMS's investment, we're positioned to accelerate this positive change across the industry."
Nick Chadbourne, CEO of LMS, added: "Moverly's expertise has been instrumental in helping to shape the UK's approach to open data standards in the property market. This investment reflects our confidence in their ability to deliver solutions that foster openness and collaboration, and we're proud to support their efforts to drive progress and happy to have them involved with The National Property Transaction Network."
