NatWest has signed an agreement with homemoving platform Pexa to assist the financial institution enhance its digital remortgage transactions by the tip of the primary half of subsequent 12 months.
The corporations say: “Participating on Pexa’s platform will likely be a big step in helping NatWest with elevated pace and certainty for digital remortgage and sale and buy transactions to householders, because it appears to be like to drive effectivity, and higher transparency to supply the very best outcomes for its prospects.”
NatWest dealt with 12.6% of all mortgages within the UK market final 12 months and expanded its attain following its £2.5bn buy of a portfolio of prime residential dwelling loans from Metro Bank final July.
NatWest managing director dwelling shopping for & possession Barry Connolly says: “Growing our enterprise can solely achieve success if we’re anticipating and assembly our prospects’ wants.
“To do that, we use information and know-how to make property transactions and re-mortgage processes extra environment friendly. The Pexa platform will assist to scale back the executive burden and scale back the chance of fraud.
“This partnership will even speed up processes via the automated sharing of information between events.”
Pexa UK chief government Joe Pepper provides: “Our objective has at all times been easy – collaborate with the business to make transacting property within the UK extra seamless, extra sure and safer.
“In doing so, we all know we are going to ship higher outcomes for lenders, conveyancers and customers alike.
“It is a pivotal second in our mission for a lender the dimensions of NatWest to see the potential advantages Pexa brings to its prospects and decide to adopting our platform to help its remortgage transactions.”
