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LMS invests in Moverly in bid to transform property transactions – London Wallet

Mark Helprin by Mark Helprin
December 11, 2024
in Real Estate
LMS invests in Moverly in bid to transform property transactions – London Wallet
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LMS, one of the main UK conveyancing panel management specialists and creator of The National Property Transaction Network, has invested in Moverly, the material information and upfront information specialist.

The aim of the new partnership is to create a more connected, efficient property transaction process across the UK.

Moverly’s technology is designed to simplify 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.

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.”

Moverly has played a key 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.

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.”

 





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