Source: Raidiam
Raidiam, a global leader in secure Open Data ecosystems, has partnered with the Open Property Data Association (OPDA) and the Council for Licensed Conveyancers (CLC) to deliver a new proof of concept that will digitise the UK’s home buying and selling process.
The project has been awarded £742,700 from the Regulators’ Pioneer Fund, a government programme that helps regulators test new and more efficient ways of working.
Administered by the Department for Science, Innovation and Technology (DSIT), it will demonstrate how a shared Smart Data framework can connect government, financial services, and property stakeholders through secure, consent-based API connectivity – providing a model for other departments and regulators to accelerate digital transformation and citizen-focused innovation.
For most families, buying a home is the single biggest financial commitment they will ever make. Yet homebuyers are often left in the dark, facing delays and additional costs that cause unnecessary stress and wider economic inefficiency. This collaboration seeks to change that by proving how Smart Data principles can make the process faster, safer, and more reliable.
Using Raidiam’s trust framework technology and sandbox environment, the project will enable property transactions to be carried out through consented, API-based data sharing – seamlessly connecting trusted sources such as HM Land Registry, local authorities, and conveyancers. Early estimates suggest this approach could reduce time, cost, and risk in home transactions by up to two-thirds.
Barry O’Donohoe, co-founder and chief executive officer of Raidiam
Barry O’Donohoe, chief executive officer and co-founder at Raidiam, said: “This collaboration with OPDA and the CLC marks a major milestone for the UK’s Smart Data ecosystem. By combining regulatory leadership with industry collaboration, and by using technology as a catalyst for progress, we’re turning innovation into real-world infrastructure that benefits both markets and consumers.
“Home buying in the UK remains far too manual and fragmented. Together with the OPDA and CLC, we’re proving how secure, consented data sharing – enabled by the Property Data Trust Framework – can make the process faster, safer, and more transparent, creating tangible value for everyone involved.”
Maria Harris, chair, Open Property Data Association
Maria Harris, chair of the Open Property Data Association, said: “Working with Raidiam allows us to unite every participant in the housing market – from regulators to lenders – within a shared governance ecosystem. It’s an important step toward a smarter, data-driven property sector.
“Raidiam’s infrastructure gives property the same interoperability and trust that Open Banking brought to financial services. This work will set the blueprint for future cross-sector Smart Data schemes.”
Sheila Kumar, chief executive officer of the CLC, added: “This is a significant and hugely exciting step forward in transforming the homebuying and selling process, which for far too long has been held back by inefficiencies, including a lack of unified standards, contributing to around one in three transactions falling through.
“Like Open Banking, this project has the potential to deliver the blueprint for a seamless, efficient and truly transparent experience for consumers and with experts such as Raidiam and the OPDA working together, I have no doubt that it will.”
The 12‑month initiative will begin with a three‑month stakeholder onboarding programme, followed by six months of sandbox testing, and conclude with published insights and recommendations designed to guide Smart Data adoption across the wider UK economy.
Further reading: Raidiam appointed technical delivery partner for FCA’s Smart Data sprints
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