PEXA has announced that it has processed more than £200m in UK remortgage transactions through its digital property exchange platform.
The company passed the £100m mark in January this year and has doubled that figure in just seven months, four times faster than it took to reach the initial milestone.
The growth highlights the appetite for technology innovation in a sector still hampered by outdated infrastructure.
PEXA is working with major lenders, including NatWest, which is the first top ten UK bank to begin implementing PEXA for remortgages.
NatWest expects to start transacting in early 2026, joining existing partners that have already reported faster remortgage processing since onboarding the platform.
Alongside its remortgage service, PEXA has now launched its sale and purchase capability in the UK.
Earlier this year it completed its first digital sale and purchase transaction with Hinckley & Rugby and Muve.
With both services in place, PEXA estimates it can now facilitate around 70% of all UK property transactions.
Joe Pepper, UK CEO at PEXA, said: “In January this year, we hit our £100M milestone. To have surpassed £200m in a quarter of the time is a real testament to the hard work of the team who are passionate about delivering a more secure, certain and transparent transaction process.
“The level of growth we’re driving is critical for the UK market as much as it is for us – we’re determined to provide a better process for conveyancers and lenders alike, working with them to bring tech to market that helps rather than hinders them.
“Our agreement with NatWest was a critical juncture in our journey, and this is just the beginning.
“The success of the remortgage solution stands us in good stead as we broaden our offering to include Sale & Purchase, with our regional roadshows kicking off this week, launching the full PEXA platform to the UK, especially as there is increasing focus from the Government on the market to address the issues and get itself moving to aid economic growth.”
