Santander UK joins Open Property Data Association

Santander has joined the Open Property Data Association (OPDA) as part of an effort by the lender to digitise its homebuying process.

The lender has previously called on the Government to expedite digitisation and improve data sharing across all parties in the process through a Smart Data Working Group.

Research by OPDA has shown that while 83% of consumers said they felt supported by their broker during the mortgage process, more than half (54%) had to keep chasing during the conveyancing process to move things along, and 23% found the documents too complicated.

The association has estimated that difficulties in the process contribute to one in three property transactions falling through, a figure equivalent to 530,000 homes.

Head of homes at Santander UK, David Morris, commented: “Broker guidance and expertise clearly help buyers navigate the early stages of the process efficiently and with confidence, but our research shows that the latter stages of the journey are not fit for today’s buyers.

“We need to address this if we’re going to establish a more seamless and efficient housing market that encourages people to move, whether that be downsizing, second stepping or getting onto the ladder in the first place.

“We’re delighted to be joining the OPDA to drive this mission forward and are well aligned with their calls for action across the industry. We’re urging for more digitisation and the implementation of better upfront data, accompanied by improved data sharing to help simplify and streamline the legal process for all.”

OPDA chair, Maria Harris, added: “With the whole homebuying transaction taking twice as long as consumers expect and a perceived lack of transparency and control, it’s time to focus on improving all of the customer and industry user experience.

“We will only solve the challenges and remove the barriers to change if we collaborate as an industry on the best possible ways of working and transforming the outdated practises that are holding us back.

“That's why it’s so important to have industry heavyweights like Santander UK join us and commit to working across the ecosystem with a common goal – improving the homebuying process for everyone.”



Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?

The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.


Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?



In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.

The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.

In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.