Digital property exchange platform PEXA has processed over £200 million in UK remortgage transactions, just seven months after reaching the £100 million milestone and four times as fast.
The increase demonstrates the appetite for technological innovation, the company said, and showcases the value of a platform that delivers secure and efficient transactions.
‘In January this year, we hit our £100 million milestone’, PEXA’s UK CEO Joe Pepper commented.
“To have surpassed £200m in a quarter of the time is a real testament to the hard work of the team who are passionate about delivering a more secure, certain and transparent transaction process.”
Since January, PEXA has welcomed NatWest to its platform, the first top ten UK lender to start implementing the company for its remortgage offering. The bank expects to commence transacting in early 2026.
Pepper added:
“The level of growth we’re driving is critical for the UK market as much as it is for us – we’re determined to provide a better process for conveyancers and lenders alike, working with them to bring tech to market that helps rather than hinders them. Our agreement with NatWest was a critical juncture in our journey, and this is just the beginning.
“The success of the remortgage solution stands us in good stead as we broaden our offering to include Sale & Purchase, with our regional roadshows kicking off this week, launching the full PEXA platform to the UK, especially as there is increasing focus from the government on the market to address the issues and get itself moving to aid economic growth.”
The platform’s sale and purchase capability has also been added to the existing remortgage solution in recent months, with the combined capabilities meaning PEXA can now facilitiate 70% of all property transactions in the UK.
In June, the company successfully completed the UK’s first fully digital purchase transaction, together with Hinckley & Rugby building society and conveyancing service provider Muve.
