According to the OPDA, fewer than 1% of property data is currently freely accessible online. It seeks to address this by creating open, standardized data sharing procedures that will facilitate and expedite the purchase and sale of real estate.

Lloyds has committed to collaborating with the association to provide a framework that includes a standardized data dictionary, a technique for sharing data that is verified and trustworthy, and a way to describe property qualities.

Expressing support for OPDA's mission to revolutionize the real estate market through the adoption of open data standards and the promotion of transparent data sharing, Claire Cherrington, Head of Strategic and Technology Partnerships at Lloyds, affirms, "We stand firmly behind OPDA in their endeavor to transform the way people buy and sell houses."