PEXA’s platform upgrade is now live!
It has been just under two months since our first transaction in the UK, however our development team has been busy behind the scenes to deliver a significant upgrade. Our new release provides an uplift in experience to our first cohort of remortgage customers.
Of note, we introduced a standardised mortgage deed, which is intended to simplify and streamline the experiences of both lenders and firms using PEXA. We’ve really enjoyed the experience of working closely with lenders to develop this, and having heard from a number of our firms about the challenges they’ve experienced managing different versions of mortgage deeds, we’re confident we’re on the right track.
While it’s anticipated this enhancement will reduce requisitions, longer term we see this paving the way for greater transformational change, and as a true example of something industry has worked on together.
Coming up next – sale and purchase
Starting with a remortgage solution has allowed us to crawl before we walk (and certainly before we run), and while we continue to build out its functionality, we’ve also got an eye to the future, which is to deliver a sale and purchase product to market in 2024.
A dedicated team was focused on discovery earlier this year, engaging with a broad group of industry stakeholders to piece together a thorough understanding of the process, together with its pain points and opportunities we could explore (the more blue sky, the better). Our team is finalising potential options at the moment, and we look forward to sharing those with you shortly.
Want to learn more about PEXA – and our UK plans?
If you know a little about PEXA, but want to know more, we’d love to see you at our upcoming webinar on Thursday, 1 December (12pm GMT).
Register here to learn more about where we came from, what we’re working with industry to achieve here in the UK, and to take a look at our remortgage experience.
This article was submitted to be published by PEXA as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.
