The transaction is dramatically faster than the typical UK remortgage timeline of 4-6 weeks, highlighting the extent of the opportunity to enhance processes across conveyancing and mortgage lending. The accelerated timeframe was made possible through the use of the automated workflows and real-time settlement capability within PEXA’s purpose-built digital infrastructure.
The transaction marks a significant step forward in the delivery of faster, more certain digital remortgage completions in the UK, demonstrating the speed and efficiency that can be achieved once a case is ready to proceed. The milestone also represents an important step in NatWest’s implementation of PEXA, following the lender going live with fee-assisted remortgages last month, with sale and purchase transactions to follow as the rollout continues.
PEXA provides the UK’s only FCA-regulated digital property completion infrastructure, connecting the movement of funds and lodgement of title within a single secure platform. Through its partnership with NatWest, PEXA is helping support faster completions on eligible remortgage transactions, while also improving certainty, transparency and security for lenders, conveyancers and customers.
Barry Connolly, Managing Director for Home Buying and Ownership at NatWest, said:
“Our focus is on making the home ownership journey faster and simpler for our customers. This is an important milestone in our partnership with PEXA and a strong demonstration of how digital infrastructure can accelerate the remortgage process.
I was delighted to hear the first remortgage customer to complete via PEXA gave the highest possible satisfaction scores for this transaction, which indicates how positive this experience was for them. We are really excited about the impact of this enhanced service we can now offer, and are committed to a wider roll out, including sale and purchase transactions.”
Joe Pepper, UK Chief Executive of PEXA, said:
“This is a significant moment for PEXA and NatWest, and a strong example of the progress we are making together. Completing a remortgage in just two working days from offer to completion shows what can be achieved when manual steps are removed and processes are better connected. This was possible because the PEXA platform enables lodgement, settlement and data synchronisation activities to be orchestrated in parallel within a single, integrated environment. This reduces reliance on manual intervention and allows transactions to complete with far greater speed, certainty and control once ready to proceed.”
“This is an early example, but it points to the opportunity for the UK to move from a system where transactions take weeks to complete, to one where they can be completed in days with far greater certainty, transparency and security.
The transaction marks an important milestone in NatWest’s rollout of PEXA and demonstrates the potential for digital infrastructure to support faster, more efficient remortgage completions in the UK, benefiting lenders, brokers, conveyancers and customers.
ENDS
About PEXA
PEXA (Property Exchange Australia) is a world-leading, digital property exchange and data insights business, listed on the Australian Stock Exchange. Since 2013, PEXA has facilitated more than 20 million property settlements, and today, 90% of all property transfer settlements in Australia are processed on the PEXA platform. In 2022 PEXA launched its refinancing capability in the UK, and in 2025 it launched its full Sales & Purchase proposition.
For more information, please contact:
Verdi Taylor-Bishop – UK Chief Marketing Officer, PEXA
E: verdi.taylor-bishop@pexa.com.au
M: +44 (0)7969 670 398
Charlie Earlam (on behalf of PEXA)
E: Pexa@mhpgroup.com
M: +44 (0)7928324266
