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Confidence in completions for Building Societies

Clearer control, transparency and certainty with digital mortgage completions for your members.

 

Completion is one of the most critical points in the mortgage journey.

It is the moment when funds move, ownership transfers, and risk, governance and member outcomes all come together. PEXA provides the UK’s only FCA-regulated digital completion infrastructure for mortgage lenders, connecting funds and title in one coordinated process to give Building Societies greater certainty, control and efficiency at completion.

Benefits for Building Societies

  • Confidence on completion day with clearer visibility and control when money exchanges for title

  • Stronger governance through structured authorisation and a clear audit trail

  • Greater operational control with fewer manual checks and exceptions

  • Improved capital efficiency through a more controlled, scheduled completion process

How the platform works

Laptop showing PEXA settlement screen

Settlement

Confidence in how funds move.

PEXA Pay is our dedicated scheme for the movement of lender funds, settling through the Bank of England’s RTGS system. Combined with our FCA-regulated safeguarding account, it automates near real-time disbursement of funds directly between parties, helping reduce fraud risk and providing confidence in how funds move.

  • Improved visibility of settlement status

  • No need for early release of lender funds

  • Direct-to-destination disbursement on completion day

  • Secure handling of all property transaction funds

Enabling integrators

Bank of England logo

Bank of England

Utilising central bank money through the Bank of England’s RTGS system, PEXA Pay is the only UK payment scheme dedicated to property settlement. This foundation gives lenders, law firms, and their clients confidence that funds move safely and securely.

What Our Customers Are Saying

Barry Connolly

We always place our customers at the centre of everything we do. Growing our business can only be successful if we are anticipating and meeting our customers’ needs. To do this, we use data and technology to make property transactions and re-mortgage processes more efficientThe PEXA Platform will help to reduce the administrative burden and reduce the risk of fraud.

Barry Connolly
MD Home Buying & Ownership
NatWest
David Jabbari

Completing the UK’s first fully digital property purchase underscores the transformative potential of PEXA’s platform to improve the conveyancing process. We are proud to have played a key role in this historic transaction and look forward to working with PEXA to bring the benefits of digital conveyancing to more consumers across the UK.

David Jabbari
Founder & CEO
Muve
Laura Sneddon

PEXA’s fully digital platform represents a significant step forward in streamlining the mortgage and completion process, and we are proud to have been the first UK lender to complete a transaction using this groundbreaking technology.

Laura Sneddon
Head of Sales & Distribution
Hinckley & Rugby Building Society

Ready to find out more?

Complete the form to request more information about the PEXA platform. 

 

  • PEXA logo
  • FSQS registered logo
  • Payments Association logo
  • Open Property Data Association logo
  • The Conveyancing Association logo
  • UK Finance logo

Digital Completion UK Ltd (trading as PEXA) is authorised and regulated by the Financial Conduct Authority (FCA) under the Financial Services and Markets Act 2000 with Financial Services Register Number 1013734. PEXA is authorised by the FCA as a payment institution to provide payment services.  PEXA is also registered with HM Revenue & Customs as a Money Service Business for supervision under the Money Laundering Regulations, with registration number XMML00000199000.

Registered Office: Suite 5a, West Village, 114 Wellington Street, Leeds, LS1 1BA.
Registered in England and Wales. Company No. 12830944.
VAT Registration Number: GB 455 8225 75

Operating Hours are 8am to 6pm Mon to Fri (excluding Bank Holidays)

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