PEXA receives formal commitment from leading UK bank NatWest
| Stock | Pexa Group Ltd (PXA.ASX) |
|---|---|
| Release Time | 24 Jul 2025, 8:19 a.m. |
| Price Sensitive | Yes |
PEXA receives formal commitment from UK bank NatWest
- PEXA partners with leading UK bank NatWest for implementation program
- Supports NatWest's expansion of digital remortgage and sale & purchase transactions
- PEXA plans to launch broader sale & purchase solution in UK by end of 2025
PEXA Group Limited (ASX: PXA) announced that its UK subsidiary, Digital Completion UK Ltd, trading as PEXA ('PEXA'), and National Westminster Bank Plc ('NatWest') have formally committed to an implementation program to facilitate future remortgage and Sale & Purchase transactions by NatWest on PEXA's platform. This engagement marks a key milestone in the strategic partnership between PEXA and NatWest and represents an important step in PEXA's journey towards executing on its strategic goals in the UK. A successful implementation program will support NatWest to expand its existing service offering, assisting with increased speed and certainty for digital remortgage transactions to UK homeowners and allowing NatWest to offer a wider range of digital property transactions through the sale & purchase functionality. Subject to successful implementation for NatWest, their remortgage transactions are expected to go live in the first half of calendar year 2026 (CY26), with their Sale & Purchase transactions intended to follow. PEXA also plans to launch its broader Sale & Purchase solution to the wider market prior to the end of CY25, with the capability to support over 70% of property transaction types in England and Wales.
PEXA plans to launch its broader Sale & Purchase solution to the wider UK market prior to the end of calendar year 2025, with the capability to support over 70% of property transaction types in England and Wales.