PEXA, a digital property exchange and data insights company listed on the Australian Stock Exchange, has formalised an agreement with NatWest, the UK’s third largest mortgage lender, to implement its remortgage technology with a view to going live by mid-2026.
The partnership also aims to enable sale and purchase transactions in the near future.
The commitment follows an initial strategic partnership signed in April 2024. The move is a significant step for NatWest, which held 12.6% of the UK mortgage market in 2024 and further strengthened its presence with the acquisition of Metro Bank’s residential mortgage book in 2025. By joining PEXA’s Platform, NatWest aims to speed up and streamline digital property transactions.
PEXA provides digital solutions for the property industry, offering technology that simplifies and secures property transactions. Since its launch in Australia in 2013, PEXA has completed more than 16 million property settlements and now supports about 90% of property transfers in the Australian market. Its UK operations began in 2022 with the introduction of a remortgage proposition.
The company intends to fully launch its sale and purchase solution in Autumn 2025, which will allow it to support over 70% of all transaction types across England and Wales. PEXA has also secured FCA authorisation as a payment institution, enabling it to act as a third party managed account (TPMA) provider for law firms and conveyancers.
NatWest managing director of home buying & ownership Barry Connolly said, “We always place our customers at the centre of everything we do. 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. This partnership will also accelerate processes through the automatic sharing of data between parties. We look forward to seeing the results.”
PEXA UK CEO Joe Pepper said, “Our goal has always been simple – collaborate with the industry to make transacting property in the UK more seamless, more certain and more secure. In doing so, we know we will deliver better outcomes for lenders, conveyancers and consumers alike. 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. It would not have been possible without the fervent commitment of Barry and his team, and we’re excited to work them going forward to deliver the best possible results.
“We see this as an important milestone for the broader property market as we demonstrate the value of PEXA’s proposition at scale. Building on the momentum established through our work with Shawbrook Bank and Hinckley and Rugby Building Society to date, Autumn 2025 is set to be even more critical for our business and in the wider industry as we launch our new Sale & Purchase solution.”
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