The news is the next step on the bank’s journey with PEXA, having initially formed a strategic partnership in April 2024 to explore the platform’s capabilities

NatWest, the third largest mortgage lender in the UK, has partnered with PEXA to support remortgages on the digital property exchange platform by the end of the first half of 2026 and with the intention of eventually facilitating sale and purchase transactions.

The news is the next step on the bank’s journey with PEXA, having initially formed a strategic partnership in April 2024 to explore the platform’s capabilities.

This is a key milestone ahead of PEXA’s launch of its broader sale and purchase solution in the Autumn that it said will enable it to serve over 70% of property transaction types in England and Wales.

It has also recently secured Financial Conduct Authority (FCA) authorisation as a payment institution, which also allows it to act as a third party managed account (TPMA) provider to law firms and conveyancers and has already delivered the UK’s first digital sale and purchase transaction as part of a trial phase. The remortgage proposition has also continued to generate momentum, having supported over £100m in transactions since its launch.

Barry Connolly, managing director of home buying and ownership at NatWest, said the technology would help the bank simplify these experiences for NatWest customers.

He said: 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.

Joe Pepper, UK chief executive of PEXA, said: Our goal has always been simple – collaborate with the industry to make transacting property in the UK more seamless, more certain and more secure. In doing so, we know we will deliver better outcomes for lenders, conveyancers and consumers alike.