This insight will be used to enhance the UK digital identity and attributes trust framework – a set of rules and standards that digital identity providers can follow to demonstrate they meet robust requirements surrounding cyber security, fraud and inclusion to build trust in their services.
Benefits of digital identity services
Everyone involved in buying, leasing, and selling land or property should experience a secure, modern market that is transparent, customer and business-friendly at all stages.
Being able to share digital identities and attributes with different organisations, and between users, will make it easier to complete property transactions digitally because it will be much quicker and safer to prove an individual’s identity and eligibility when they interact with a new organisation, such as an agent, surveyor, or conveyancer.
Barriers to adoption reducing
To ensure that these services can be adopted confidently and securely, DSIT is developing a trust framework of rules and standards, alongside supporting governance and legislative measures, which will help to ease any remaining concerns in the sector, for example, about where liability would fall for any failures in the system.
Collaboration through digitalisation can help deliver a more streamlined, faster, and cost-effective home buying and selling process. Propertymark remains committed to working in partnership with the sector to find solutions that bring about positive change for consumers, agents, and wider society.
Digital Property Market Steering Group (DPMSG)
Propertymark is a founding member of the DPMSG, which represents areas of the sector with the greatest potential for accelerated digital adoption. At the start of 2024 the group published its roadmap to drive crucial change in the land and property market, with information sharing, digital ID checks and AI research among the first key priorities.
You can keep up to date with the latest DPMSG activity by following the DPMSG LinkedIn page and by tuning in to the ‘Property with a View’ podcast series.
