PEXA Pay

PEXA Pay

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

What is PEXA Pay?

PEXA Pay is the only UK payment scheme dedicated to property settlement. It currently leverages the Bank of England’s RTGS system to settle Residential and Buy to Let remortgage transactions, and will be extended to cover Sale & Purchase transactions in the future.

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 take 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.
VAT Registration Number: GB 455 8225 75

Our website uses cookies to make your browsing experience better. By using our site you agree to our use of cookies. Learn more.