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


    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


    Clearing of payment funds is instant

  • 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: 5th Floor, West One, 114 Wellington Street, Leeds, LS1 1BA.
Registered in England and Wales. Company No. 12830944.
VAT Registration Number: GB 455 8225 75

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