Digital property exchange Pexa has processed more than £200m in remortgage transactions in the UK, doubling its total in just seven months.

The Australian firm, which is expanding rapidly in the UK, passed the £100m mark in January. By August it had more than doubled that figure, growing at more than four times the pace it took to reach its first milestone.

The business said this acceleration reflects both appetite for new technology among lenders and conveyancers, and frustration with existing back-end infrastructure, which has long been criticised for slowing transactions.

Pexa has also begun onboarding NatWest – the first top 10 lender to adopt the platform – which is expected to begin transacting in early 2026. Other lenders already using Pexa are reporting substantially faster remortgages than before.

SALE AND PURCHASE CAPABILITY

The company has simultaneously launched its sale and purchase capability in the UK, following a successful pilot transaction with Hinckley & Rugby and Muve earlier this year. By combining both services, Pexa says it can now facilitate 70% of all property transactions in the country.

Joe Pepper, UK chief executive 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.

“Our agreement with NatWest was a critical juncture in our journey, and this is just the beginning.”

Pepper added that the success of the remortgage solution had set the stage for the wider roll-out of its sale and purchase platform, supported by a series of regional roadshows beginning this week.