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7 May, 2025
The Digital Property Market Steering Group (DPMSG) was established to help the property market work better for all by accelerating the adoption of digital technology, while ensuring it is transparent, secure and consumer friendly, through collaboration and innovation across the sector. The CLC is a member of the DPMSG along with other regulators and representative bodies from across the property sector.
Over the last six months the Digital Property Information Protocol (DPIP) working group has been working to identify the information that each stakeholder in a property transaction needs, and to identify what data could be shared with other stakeholders to create a more efficient process in future. It is inevitably highlighting areas where further work is needed to deliver positive changes.
Now DPMSG needs the help of conveyancers to review the progress so far and identify any gaps or errors in the draft protocol.
The seven key sectors covered by the draft protocol are:
In each case, we have worked to:
From this the working group identified that a lot of the data is shared by multiple parties in the process and undertook more work to identify the required data in detail. They found that virtually all stakeholders in the home buying and selling process need access to the Material Information relevant to the property and multiple stakeholders need access to the buyer and seller Identity and Anti Money Laundering information.
From this research a draft website has now been created setting out the data requirements of six of the seven key sectors. The data supplier sector will be in a slightly different format and is not yet uploaded. The next stage of the DPIP will include property managers and lease administrators.
The website is written to be as straightforward to understand as possible, so pages may seem very basic to you. The aim is that they should make sense to those in the process who do not understand what you do. The next phase will also create a customer focussed page identifying for the consumer which professional provides them with which advice and when, with the hope of preventing further “scope creep” in the process.
We are now asking conveyancers to review and comment on the detail of the draft website as it relates to the work of conveyancers.
You can find the draft website here: https://www.homebuyingsellingcouncil.co.uk/dpmsg/dpip/
Password: DPMSG@Wrapp3d2024
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