MyIdentity, which is being delivered by Etive, allows people to prove their identity online. One hoped for outcome is that, because buyers and sellers do not have to repeatedly provide their details, house transactions will be completed more quickly and with lower levels of fraud.

The scheme is aimed at the residential side of the property market and, as MFG covered in the summer last year, will be trialled in 11 locations.

The pilot that Bluestone is taking part in will run until December 2022.

Bluestone Mortgages chief compliance officer Andrew Davies says: “We recognise the importance of digital identity and the need to provide home buyers and sellers with more control over their details. By being part of this scheme, at a time when more people are turning to specialist lenders, we will continue our mission to further streamline the mortgage process in a safe and secure way.”

And Etive managing director Stuart Young comments: “The MyIdentity trust scheme has attracted a leading non-bank lender to work with us during the pilot.

“Bluestone Mortgages is a key name in mortgage lending, specialising in complex credit, specialist lending. I expect we will be able to welcome more lenders, including building societies and banks, into the pilot in the new year.”