A £742,700 Government‑Backed Smart Data Project Will Help Digitise the UK Homebuying Process
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 Property Data Trust Framework 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.
The UK Government’s Regulatory Innovation Office (RIO) funds regulators and local authorities to trial new and innovative regulatory approaches enabling businesses to bring innovative products to the market quicker. In October 2025, through the fourth round of the Regulators’ Pioneer Fund, the RIO has awarded the Council for Licensed Conveyancers, in collaboration with Open Property Data Association and Raidiam, a grant of £742,700 via the Regulators’ Pioneer Fund (RPF) to explore the impacts and benefits of a Smart Property Data Trust Framework on regulation, governance, and trust standards. The project will assess how to use regulatory change and standardisation to drive innovation, enhance trust, and shape recommendations for future government and industry strategies on digital property market transformation and smart data.
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.
Tackling One of the UK’s Biggest Challenges
For most families, buying a home is the single largest financial commitment they will make. Yet the process is often slow and stressful, with long chains, multiple intermediaries, and duplicated data exchange. This project aims to streamline and modernise those journeys 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 Property Data Trust Framework will enable property transactions to be completed 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, improving transparency and confidence for all parties involved.
Powering Collaboration Across the Property Sector
Barry O’Donohoe, CEO and Co-founder of 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 of the Open Property Data Association, added:
“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 of the CLC, said:
“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 Property Data Trust Framework: A Blueprint for the Future
Over the next 12 months, the initiative will progress through a three month stakeholder onboarding phase, followed by six months of sandbox testing. It will conclude with published insights and recommendations designed to guide wider Smart Data adoption across the UK economy.
As the trusted technology partner powering initiatives such as Open Banking, Open Finance, and the FCA’s current Smart Data Sprints, Raidiam’s involvement ensures the Property Data Trust Framework builds on a trusted, production ready foundation. The project exemplifies how regulatory innovation and secure, scalable data-sharing infrastructure can work hand in hand to create real, measurable benefits for both consumers and industry.
Regulators, industry leaders, and innovators worldwide use Raidiam's technology to design and build trusted, scalable, data-sharing ecosystems. Get in touch with our team today to find out more.
