PEXA Pay

PEXA Pay

Providing protection to buyers and sellers during one of life’s biggest transactions

PEXA Pay is the UK’s 7th net settlement payment scheme to clear through the Bank of England. Launched in 2022, the secure scheme orchestrates Sale & Purchase and Remortgaging monies that are related to Residential and Buy to Let transactions.

What is PEXA Pay?

PEXA Pay is the UK’s 7th net settlement payment scheme to clear through the Bank of England. Launched in 2022, the secure scheme orchestrates Sale & Purchase and Remortgaging monies that are related to Residential and Buy to Let transactions.

It is the only Payment scheme dedicated to an asset class; Property and unlocks these conveyancing transaction benefits:

  • Secure

    Secure

    Ability to submit payment instructions securely through PEXA

  • PEXA keeps your funds safe

    PEXA keeps your funds safe

    All funds submitted via PEXA Pay have been approved and authorised by the associated Law firm and Incoming Lender, ensuring PEXA is a trusted source for Outgoing Lenders receiving redemption funds

  • Instant

    Instant

    Clearing of payment funds is instant

  • Transparent

    Transparent

    Provides transparency; with clear visibility of case progression between lenders and law firms

Seamless and secure

Seamless and secure

PEXA Pay directly integrates with the Bank of England, automating manual processes to speed up the settlement process. Settlements takes place six times each day via the Bank of England’s RTGS system.

Visit the BoE to find out more.

PEXA is the trading name of Digital Completion UK Limited.
Registered Office: 85 Great Portland Street, First Floor, London W1W 7LT.
Registered in England and Wales. Company No. 12830944.

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