For compliance partners
HomeBid runs identity, open banking, source of funds and wealth, and PEP and sanctions screening before a seller accepts a buyer, on every bidder, inside the sales process. Providers of those checks sit behind a defined interface in the acceptance gate, and their results travel in the digital twin to every professional on the transaction.
How providers fit
The interface
Each check type sits behind a service interface: identity verification, open-banking balances, PEP and sanctions screening with daily refresh, address and credit-header checks. Identity runs through Veriff and open banking through Plaid today; the interface is what is fixed, not the supplier.
The gate
No result, no acceptance. A screening hit blocks the reservation and is recorded with the reason. Results are computed and stored on the server, never trusted from the client, and every access to the evidence is logged.
The evidence
Results and evidence travel in the twin to both conveyancers, and to the lender and surveyor when instructed, with the buyer's consent. A buyer verified once is verified for their next purchase; refresh replaces repeat.
What we ask of a provider
| Requirement | Why |
|---|---|
| Identity providers certified under the UK digital identity and attributes trust framework | The identity check is aligned with HMLR Practice Guide 81 and the certification is evidenced in the package |
| Open-banking access through a regulated account information service provider | Balances come from the bank, not from screenshots |
| Screening against the UK consolidated list with daily refresh and an auditable match history | A live reservation's screening never goes stale |
| UK GDPR processor terms, UK or EU data residency, encryption at rest and in transit | Verification evidence is personal data held for the anti-money-laundering retention period |
| A documented API with sandbox access and per-check pricing | The interface is tested in the pilot before it carries volume |
HomeBid's own posture, an HMRC-supervised anti-money-laundering standard with a named Money Laundering Reporting Officer, is described on the investor site. Providers are components in that posture, not a substitute for it.
The digital twin
When a seller accepts a verified buyer on HomeBid, the platform generates a digital twin of the transaction: the property, the parties, the verified identity and the evidence behind it, the financing position, the professionals appointed, and the acceptance record. It is built to the Property Data Trust Framework, an open standard, and delivered to the people who need it within 48 hours.
What it holds
Plot or property and sales terms; buyer and seller; identity results aligned with HMLR Practice Guide 81; source of funds and source of wealth evidence; screening results with the daily refresh history; the buyer's solicitor and lender position; the acceptance record with timestamps.
Who receives it
Both conveyancers on acceptance. The agent that marketed the property. The surveyor and the lender or broker when they are instructed. A settlement rail if one is used. Each party gets the slice it needs, in JSON its systems can load and a PDF it can read.
What it is not
The twin accelerates the work of every professional in the chain; it does not replace it. Conveyancers re-verify under their own rules, lenders underwrite, surveyors inspect. HomeBid never represents otherwise.
Who is in the transaction
HomeBid launches with housebuilders because that is where the volume is. The platform is built for every party to a residential transaction, and the twin records each of them.
| Actor | Role in the transaction | In the twin | On HomeBid |
|---|---|---|---|
| Seller or housebuilder | Lists the property, sets terms, accepts the buyer | Property, sales terms, acceptance record | Launching first, late 2026 |
| Estate agent | Markets the property, brings and directs buyers, negotiates, progresses the sale | Listing, marketing record, the agreed terms | Listing and bid management built; agent journey follows the housebuilder launch |
| Buyer | Verifies once, bids, appoints a solicitor and a lender upfront | Identity, funds, wealth, screening, score, appointments | Live with the first developments |
| Buyer's and seller's conveyancers | Complete the transaction; hold the client due diligence obligation | Named before acceptance; the buyer's solicitor counts in the score; receive the package | Receive packages from the first reservation |
| Mortgage broker and lender | Decision in principle, offer, funds | Financing position and evidence; instructed off the twin | Decision-in-principle evidence live; the referral rail follows FCA perimeter advice |
| Surveyor | Valuation, survey, snagging | Instruction and report, against the property record | Bookings and marketplace built; switched on with the developments that need them |
| Compliance providers | Identity, open banking, screening | The verified inputs and the evidence | In the acceptance gate from day one |
| Settlement rail | Exchange, completion and registration where used | Receives the package; returns the outcome | Destinations, after acceptance |
Identity, open banking, screening, address and credit-header data. If your service meets the bar above and you want it behind the interface, tell us what you provide.
Rob Penman, Founder. rob.penman@home-bid.co.uk. Capability statements are as of September 2026.