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PEXA Group Limited (ASX:PXA)
ALERT: Price-sensitive ASX Announcement for PXA
Current share price for PXA : $8.130 -6.92 (-45.98%)+
Announcement
Release
25 Mar 2026 9:04AM
Price at Release
$15.050
Full Release
Summary
PEXA Group Limited announced the successful implementation of their remortgage program with NatWest on the PEXA platform in the UK. This initiative, conducted through PEXA's UK subsidiary, Digital Completion UK Ltd, marks a significant step in modernizing the UK's property market by digitizing processes that have traditionally been manual and paper-based. The integration, completed ahead of schedule, initially involves Optima Legal, a PEXA subsidiary, as the conveyancer for NatWest's transactions. This milestone is part of PEXA's broader strategy to expand its platform usage among UK conveyancers, with further plans to enable Sale & Purchase transactions for NatWest. PEXA's CEO highlighted the collaboration's potential to improve settlement times and operational efficiency, enhancing the overall experience for UK property market participants.
Key Points
- PEXA UK and NatWest complete remortgage program implementation.
- NatWest goes live on PEXA platform in the UK.
- Optima Legal acts as conveyancer for initial transactions.
- Integration completed ahead of schedule.
- Plans to extend platform usage to additional UK conveyancers.
- Future implementation of Sale & Purchase transactions with NatWest.
- PEXA CEO emphasizes digitization benefits for UK property market.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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