NatWest partners with PEXA for digital transactions

24 Jul 2025Announcements

NatWest has formally committed to using PEXA for streamlined digital remortgage and property transactions in England and Wales

In a significant move towards modernising property transactions, NatWest has officially signed a commitment with PEXA Group Limited, aiming to enhance digital remortgage and Sale and Purchase processes by the end of the first half of 2026. PEXA, recognised as a world leader in digital property exchange, will facilitate this transformation as NatWest seeks to improve efficiency and transparency for its customers. The bank, which accounted for 12.6% of all UK mortgages in 2024, believes this partnership will streamline experiences for homebuyers and homeowners alike, having previously formed a strategic partnership with PEXA in April 2024.

Barry Connolly, MD Home Buying & Ownership at NatWest, expressed optimism regarding the integration of the PEXA Platform, stating “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.” He highlighted that leveraging technology and data will simplify property transactions while reducing administrative burdens and risks of fraud.

Joe Pepper, UK CEO of PEXA, echoed the sentiment, stating, “Our goal has always been simple – collaborate with the industry to make transacting property in the UK more seamless, more certain and more secure." He acknowledged the commitment from NatWest as a crucial milestone for PEXA and emphasised that the partnership will ultimately enhance outcomes for lenders and consumers.

With PEXA's anticipated broader Sale and Purchase solution launching in Autumn 2025, the collaboration is set to impact over 70% of property transaction types in England and Wales. This follows PEXA’s significant achievements in the first half of 2025, including gaining FCA authorisation as a payment institution and completing the UK’s inaugural digital sale and purchase transaction during a trial phase. With over £100m in remortgage transactions already supported, the partnership marks a pivotal step forward for the property market, promising enhanced experiences for all parties involved

Legal News desk contact: editorial@solicitorsjournal.com

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