PEXA Group Limited, the digital property exchange and data insights business, announces that NatWest, the FTSE-100 listed bank and mortgage lender in the UK, signed a commitment to proceed with an implementation program with a view to “transacting remortgage transactions by the end of the first half of 2026 and with the intention of facilitating Sale and Purchase transactions.”
NatWest conducted 12.6% of all mortgages in the UK market in 2024 and expanded its “reach further in 2025 following its acquisition of Metro Bank’s residential mortgage book last year.”
Participating on PEXA’s Platform will be a significant step in assisting NatWest with “increased speed and certainty for digital remortgage and Sale and Purchase transactions to homeowners, as it looks to drive efficiency to provide best outcomes for its customers.”
The news is the next step on the bank’s journey “with PEXA, having initially formed a partnership in April 2024 to explore the Platform’s capabilities.”
This is a key milestone ahead of PEXA’s launch of its “broader Sale and Purchase solution in the Autumn which will enable it to serve over 70% of property transaction types in England and Wales.”
The announcement follows PEXA’s progress over the first half of 2025.
It has secured FCA authorisation as “a payment institution, which also allows it to act as a Third Party Managed Account (TPMA) provider to law firms and conveyancers and has delivered the UK’s digital sale and purchase transaction as part of a trial phase.”
The remortgage proposition has continued to “generate momentum, having supported over £100m in transactions since its launch.”
Barry Connolly, MD Home Buying & Ownership at NatWest, said the technology would help the bank simplify these experiences for NatWest customers:
“ Growing our business can only be successful if we are anticipating and meeting our customers’ needs. To do this, we use data and technology to make property transactions and re-mortgage processes more efficient. The PEXA Platform will help to reduce the administrative burden and reduce the risk of fraud.”
Joe Pepper, UK CEO of PEXA, added:
“Our goal has been: collaborate with the industry to make transacting property in the UK more secure. In doing so, we know we will deliver better outcomes for lenders, conveyancers and consumers . It is a pivotal moment in our mission for a lender the size of NatWest to see the potential benefits PEXA brings its customers and commit to adopting our Platform to support its remortgage transactions.”
As noted in the update, PEXA is a “digital property exchange and data insights business, listed on the Australian Stock Exchange.”
Since 2013, PEXA has facilitated more than “16 million property settlements, and today, around 90% of all property transfer settlements in Australia are processed on the PEXA platform.”
In 2022 PEXA launched its “remortgage capability in the UK.”