Skipton Building Society is expanding its involvement in LMS‘s National Property Transaction Network (NPTN) as lenders look to improve mortgage processing, reduce transaction delays and make better-informed lending decisions.

The UK’s fourth-largest building society is deepening its participation in the digital property network, which aims to connect mortgage lenders, estate agents and conveyancers through shared infrastructure. The expanded involvement builds on an existing partnership between LMS and Connells Group, the UK’s largest property services and estate agency business.

By bringing together expertise from across Skipton Group’s mortgage lending and estate agency operations, the partnership aims to make property transactions more connected and efficient.

Currently, buying or selling a home involves multiple organisations, including estate agents, lenders and conveyancers, which often operate through separate systems and communication channels. This fragmentation can lead to duplicated information requests, disconnected processes and delays for buyers and sellers.

NPTN aims to address these challenges by allowing property, identity and financial information to be collected once and securely shared with authorised participants throughout a transaction. This could reduce administrative duplication, improve visibility over transaction progress and give lenders access to relevant information earlier in the mortgage process.

Skipton previously participated in the NPTN Sandbox. Its expanded role will explore how information collected throughout the property journey can be used more effectively, with a particular focus on digital property identity. This approach would allow key information about a property to remain connected to it throughout a transaction, rather than being repeatedly requested or recreated by different organisations.

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