PEXA Group Limited (PEXA) has announced that NatWest, the third largest mortgage lender in the UK, has signed a formal commitment to start transacting remortgages digitally by the end of the first half of 2026

NatWest lent 12.6% of all mortgages in the UK market in 2024 and expanded its reach further in 2025, following its acquisition of Metro Bank’s residential mortgage book last year.

Participating on PEXA’s platform will be a significant step in assisting NatWest with increased speed and certainty for digital remortgaging and potentially sale and purchase transactions to homeowners.

Significant progress

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

The firm, which started out in Australia, recently secured 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, MD Home Buying & Ownership at NatWest, said: “Growing our business can only be successful if we are anticipating and meeting our customers’ needs. To do this, we use data and technology to make property transactions and remortgage processes more efficient.

“The PEXA Platform will help to reduce the administrative burden and reduce the risk of fraud. This partnership will also accelerate processes through the automatic sharing of data between parties. We look forward to seeing the results.”

Joe Pepper, UK CEO of PEXA, added: “It is a pivotal moment in our mission for a lender the size of NatWest to see the potential benefits PEXA brings its customers and commit to adopting our platform to support its remortgage transactions. It would not have been possible without the fervent commitment of Barry and his team, and we’re excited to work them going forward to deliver the best possible results.”