PEXA has announced a new strategic collaboration with Muve aimed at advancing the modernisation of the UK’s property transaction process.
The partnership will see Muve use PEXA’s platform for selected client completions while exploring how its technology could be scaled across major law firms to deliver faster, safer and more transparent transactions.
The two firms will also examine how digital settlement can reduce risk and potentially lower insurance costs for conveyancers.
For Muve, the move forms part of a broader technology strategy to strengthen its customer platform and deepen integrations with third-party systems.
FULL UK PROPOSITION
The announcement comes as PEXA rolls out its full UK proposition, extending beyond remortgages to include sale and purchase transactions.
The company, which dominates the Australian conveyancing market, said the expansion would help it deliver on its goal to make all UK property transactions “safer, more secure and more certain”.
For Muve, which has gained attention for its “Lightspeed” conveyancing product targeting rapid exchange and completion dates, the partnership offers a route to enhance service speed and reliability through automation and data-driven verification.
MODERNISING CONVEYANCING
Joe Pepper (main picture), UK chief executive of PEXA, said: “Muve has a track record of supporting industry innovation, and its early support has been instrumental in our successful growth in the UK market.
“This deepened partnership feels like a natural next step for both of us. We share the same commitment to modernising the conveyancing process and unlocking the potential that digitisation brings.”
David Jabbari, founder and chief executive of Muve, added: “PEXA is a serious force for transformation of outmoded practices in the conveyancing process.
“We are deeply aligned with PEXA on digital transformation, and this is why we have been close to PEXA from their very first steps into the UK market.
“Building on our strong foundations together, and the close working relationship with Joe and his team, I firmly believe that this deepened collaboration will not only deliver significant benefits for our clients and partners, but it will also provide valuable insights into how digital settlement can drive real improvements across the industry.”
Industry figures estimate that a third of UK property transactions fall through before completion, often due to delays or lack of transparency.
The shift to digital settlement – already proven in markets such as Australia – is seen as a potential solution to reduce fall-through rates, speed up completions and improve consumer confidence.
