PEXA's industry update for November

Conveyancing Association announce PEXA UK as new Affiliate member

The Conveyancing Association (CA) has announced PEXA, a digital platform for transacting remortgage cases, as its latest Affiliate member.

PEXA, the FinTech behind the world’s first digital property exchange process, has recently launched in the UK working with UK lenders, HM Land Registry, and legal and conveyancing firms to streamline processes, cut complexity and deliver better experiences for all stakeholders, most notably UK consumers.

Established in 2010, PEXA has facilitated over 13 million property transactions worth circa-AUD $2 trillion in Australia. It has a bespoke platform for the UK housing market with an initial focus on digital remortgage, with a sale and purchase platform due to launch in 2024.

PEXA recently announced the first two lenders – Hinckley & Rugby Building Society and Shawbrook Bank – that will be able to transact remortgage cases through its platform. It plans to announce further lenders onboarding throughout 2023.

It also recently launched PEXA Pay, the seventh active net payment scheme developed in collaboration with global technology consultancy firm, ThoughtWorks, with the Bank of England acting as the settlement agent.

The CA works with a growing number of Affiliate members offering the opportunity for engagement with its member firms via events and meetings, the provision of special offers, branding on promotional material and advertising through newsletters and merchandising material.

PEXA  will be taking part in future CA events taking place throughout 2022 and 2023, and appearing at the 2022 Annual Conference & Dinner later this year.

Heather Crichton, General Manager, Industry Readiness at PEXA said:

“Collaboration is critical to the way we operate at PEXA. We want to ensure our offering meets the needs of our customers – conveyancing firms and lenders – and enables them to support a better remortgaging, buying, and selling experience for those buying, selling or remortgaging their home. Joining the Conveyancing Association as an Affiliate member is crucial to this – aligning ourselves with the peak body for conveyancing professionals gives us an opportunity to ensure we are addressing the pain points felt by industry and working towards creating a digital conveyancing community for the betterment of the UK.”

Nicky Heathcote, Non-Executive Chair of The Conveyancing Association, said:

“We are very pleased to welcome PEXA UK as the CA’s newest Affiliate member and we are looking forward to working with them, introducing their proposition to our member firms, and seeing them take part in the Association’s events and Conference. Having launched its platform very recently, PEXA UK is now placing itself at the heart of the conveyancing world by becoming an Affiliate member. I have no doubt that PEXA UK will add a great deal to the Association in the months and years ahead.”

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