The Open Property Data Association (OPDA) has published version 3.5 of its Property Data Trust Framework (PDTF), introducing new features designed to improve transparency, reduce delays, and support the continued digitisation of the UK property market.
Building on the foundations of version 3.0, the latest update includes two key enhancements:
Milestones: This new feature enables progress updates to be shared in a consistent format across all parties involved in a transaction. By providing visibility across the chain and reducing the need for manual follow-ups, it aims to simplify coordination of key stages, such as confirming exchange and completion dates.
Surveys and Valuations: The framework now supports standardised data for property surveys and valuations — a step forward in aligning with the requirements of lenders, brokers, and conveyancers. The goal is to enable faster, more reliable decision-making in the mortgage application process by improving the flow of verified information.
OPDA says these updates are part of a broader package of improvements developed in collaboration with its members and industry stakeholders. Together, it is hoped they will enhance the PDTF’s role as an open data standard for defining property attributes, verifying data sources, and enabling trusted information exchange across the property ecosystem.
Ed Molyneux, co-founder and CTO at Moverly, and OPDA founding member, said: “Version 3.5 is another important step in making digital property transactions the norm. Milestones are a game-changer – they give everyone in a chain a clear picture of progress and reduce the endless chasing that slows deals down.
“Adding surveys and valuations brings us closer to a joined-up lending process, which will be critical for adoption at scale. At Moverly, we’re fully committed to implementing these standards and helping the industry move forward together.”
Angela Hesketh, head of market development UK at PEXA, added: “Version 3.5 of the Property Data Trust Framework marks another significant step forward in the industry’s journey towards true digitisation. The introduction of milestones has the potential to transform transparency across the chain, giving all parties a shared view of progress and reducing inefficiencies caused by manual chasing. Equally, the addition of surveys and valuations is a key move towards streamlining the mortgage process, ensuring that lenders, brokers and conveyancers can rely on consistent, trusted data.
“At PEXA we believe that open standards like the PDTF are central to building a faster, fairer and more connected property market. We are proud to play an active role within OPDA and remain committed to supporting the adoption of the framework across the industry.”
Read the orginal article: https://propertyindustryeye.com/opda-releases-latest-version-of-its-property-data-trust-framework/
