Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Property»Innovative conveyancing platform given FCA green light
    Property

    Innovative conveyancing platform given FCA green light

    May 1, 20252 Mins Read


    PEXA announces FCA approvalProperty exchange platform PEXA has been approved by the Financial Conduct Authority (FCA) to become an Authorised Payment Institution (API) as it prepares to launch its UK Sale & Purchase product offering later this year.

    This authorisation will allow PEXA to act as a Third Party Managed Account (“TPMA”) provider to UK conveyancers for Sale & Purchase transactions and facilitate approximately 70% of property transactions in England and Wales in conjunction with the existing remortgage proposition.

    Regulatory approval follows the significant investment PEXA has made, working with the industry to build a bespoke and compelling solution for the UK property market, including the development of PEXA Pay, the seventh net settlement payment scheme to clear through the Bank of England. This is designed specifically to facilitate seamless property transactions.

    Its broader Sale & Purchase offering will build on the significant momentum the business has generated with its remortgage-focused proposition, which has already processed over £100m in transactions since its successful launch in the UK market in 2022.

    Additional assurance
    Joe Pepper, CEO, PEXA
    Joe Pepper, CEO, PEXA

    Joe Pepper, UK CEO of PEXA, said: “We know that change in the property market has to be earned, not imposed. Any innovation introduced to the market has to be done the right way, able to scale, and built to last. Receiving FCA approval provides additional assurance over our considered approach, and of the strength of the controls and systems we have put in place.

    “As we build towards the launch of our Sale & Purchase solution later this year, this news should give our partners further confidence we operate responsibly with the highest standards of security and compliance as we help support the industry’s modernisation and growth. We’re here for the long-term, with security, stability, and partnership front of mind.

    “This significant milestone will enable us to build further momentum in the UK, developing and deploying the trusted digital infrastructure to support the evolution of property transactions. We look forward to working even more closely with the conveyancing and lending industry as we do so.”




    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Four quick and easy DIY tricks to boost your property value by nearly £30k

    Property

    2 Middle TN cities ranked among 15 best real estate markets in US: WalletHub

    Property

    Property expert reveals the everyday item that could reduce your home’s value by £85,000

    Property

    Criminals funnelling dirty money into UK pushing up London property prices

    Property

    Knights expands property team for Cardiff launch

    Property

    Grand Designs ‘saddest ever property’ finally sells – but owner won’t get a penny

    Property
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Dogecoin (DOGE) and Pepe coin (PEPE) Fell Behind as a New Hot Cryptocurrency Took over the Market in February.

    Precious Metal

    Gold Cup  | Jonathan David ne croit pas que le Canada devrait être considéré favori

    Cryptocurrency

    What’s happening with Trump cryptocurrency after he took office?

    Editors Picks

    Are Ukrainians turning on Zelensky?: Multiple casualties reported after civilians ‘attack draft officer with bats and metal pipes’ in Mykolaiv Oblast

    August 4, 2025

    Tallahassee officials watching Florida bills targeting revenue sources

    April 14, 2025

    Cryptocurrency giant Binance opens trading access to Syria: What to know

    June 12, 2025

    Cryptocurrency dilemma: India must balance between adoption and oversight

    October 17, 2024
    What's Hot

    Current price of gold: Oct. 10, 2024

    October 10, 2024

    Comprehensive Analysis of Changes in the Cryptocurrency Market in Q3 2024: Rise of Bitcoin and Stablecoin Dominance, Surge in Ethereum Staking

    October 17, 2024

    Int’l agricultural fair opens in West Africa with China as guest of honor

    May 24, 2025
    Our Picks

    What is currently happening in the UK property market?

    August 9, 2024

    Learn with ETMarkets: As silver surges ahead, here’s how to trade this precious metal

    October 13, 2024

    Africa’s Most Valuable Fintech Company Flutterwave Processes Approximately KSh 129b

    August 16, 2025
    Weekly Top

    Oil holds advance as traders focus on supplies and Fed fallout

    August 24, 2025

    Sensex Today | Stock Market LIVE Updates: Nifty heads into truncated week as Trump tariff deadline looms

    August 24, 2025

    Sequins, feathers… and a groundbreaking arrest using facial recognition cameras: The Daily Mail sees police deploy slick new technology at Notting Hill Carnival

    August 24, 2025
    Editor's Pick

    Sifan Hassan wins women’s marathon gold, completes astounding Olympic treble

    August 11, 2024

    UK housing market debt falls as older generations pay off mortgages

    February 15, 2025

    Après la guéguerre, Barrick Gold et le gouvernement malien concluent un accord majeur

    February 21, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.