• NatWest now transacting live on PEXA UK's platform
• Digitised remortgage transactions using Optima Legal as conveyancer
• Implementation program for NatWest's Sale & Purchase transactions to follow

PEXA Group Limited (ASX: PXA) has announced the successful completion of the remortgage implementation program between its UK subsidiary, Digital Completion UK Ltd, trading as PEXA ('PEXA UK'), and National Westminster Bank Plc ('NatWest'), with NatWest now transacting live on PEXA UK's platform. Initial digitised remortgage transactions for NatWest will use Optima Legal, a subsidiary of PEXA, acting as the conveyancer, pending broader adoption of PEXA UK's platform by additional UK conveyancers. This integration with NatWest to enable remortgage transactions has been delivered ahead of schedule and follows a comprehensive implementation program undertaken by NatWest, PEXA UK and Optima Legal. The implementation program to enable NatWest's Sale & Purchase transactions will follow. PEXA's Chief Executive Officer and Group Managing Director, Russell Cohen, commented that NatWest going live on their platform marks an important step in the modernisation of the UK property market, enabling faster settlement times, improved operational efficiency and a more seamless experience for UK property market participants.