PEXA receives formal commitment from NatWest on strategic partnership
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The news: Digital settlement platform PEXA has entered a formal commitment with NatWest that will see the UK lender deliver remortgages, sale and purchase transactions on PEXA's platform.
The context: PEXA said the partnership will help NatWest increase speed and certainty for digital remortgage transactions to UK homeowners and allow NatWest to offer a wider range of digital property transactions through its sale and purchase functionality.
NatWest's remortgage transactions are expected to go live in the first half of the 2026 calendar year, with sale and purchase transactions intended to follow.
Melbourne-based PEXA also plans to launch its broader sale and purchase solution to the wider market prior to the end of the current calendar year, with the capability to support over 70% of property transaction types in England and Wales.
What they said: "This important milestone strengthens our collaboration with leading UK bank NatWest," said PEXA CEO and managing director Russell Cohen.
"I would like to thank the PEXA UK team and the broader PEXA Group for their dedication and hard work towards digitising the property transaction process for the UK market, as currently enjoyed by our customers in Australia."
The source: ASX
