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

    Property of the week: Historic country house in Upwey

    Property

    7 ways to get onto the property ladder in 2025

    Property

    An Englishman’s home is his… MAN CAVE: British blokes prioritise fun over function in a property, research shows

    Property

    Singapore High Court rules that property ‘decoupling’ is illegal if done solely to avoid taxes

    Property

    £81 million in property sales in May and June

    Property

    Resilient, recovering commercial real estate market forecasted for investment growth

    Property
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Noah Lyles wins bronze, falls short of sprint double – NBC New York

    Precious Metal

    Gold (XAU) Daily Forecast: Oversold Metal Triggers Bullish Rebound, Eyes on $2,750 Target

    Cryptocurrency

    Fake police call cryptocurrency investors to steal their funds

    Editors Picks

    Tula Technology se rapproche de la commercialisation de son Dynamic Motor Drive®

    February 25, 2025

    Poly Property’s Unit obtient le feu vert de la Chine pour une émission d’obligations de 7 milliards de yuans -Le 13 février 2025 à 10:47

    February 13, 2025

    Great Southern Copper mise sur Especularita et d’autres actualités des sociétés cotées à Londres

    July 14, 2025

    Copper futures gain on higher demand

    August 20, 2024
    What's Hot

    Gold Hart Copper Corp. annonce le lancement de forages sur sa cible de porphyre or-cuivre-argent Tolita

    March 28, 2025

    nvidia stock s&p 500 dow jones nasdaq: US stock market Friday: S&P 500, Dow Jones, Nasdaq near record highs, Nvidia share price rises 750 per cent

    August 23, 2024

    Three Prominent Dividend Stocks To Consider

    June 6, 2025
    Our Picks

    Council to revisit Willmar Municipal Utilities land purchase on Monday, April 7

    April 5, 2025

    Somerset Minerals Ltd Explores New Copper Prospects

    August 8, 2024

    UK housing market in ‘delicate balance’ as average property price dips by £213 | Personal Finance | Finance

    March 7, 2025
    Weekly Top

    Odisha to host India Edition of Black Swan Summit in 2026, eyes global FinTech leadership

    August 3, 2025

    Global equities that should weather the stockmarket’s storms

    August 3, 2025

    Here’s a UK property investment that costs just £1 (and can be held inside a Stocks and Shares ISA)

    August 2, 2025
    Editor's Pick

    Bahamas consults on ‘feasibility’ of launching fintech sandbox

    August 19, 2024

    Mexico Beach Council considering investing in precious metal

    July 11, 2024

    Investment Property Mortgage Rates 2024: What to Expect

    August 23, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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