Shawbrook to adopt digital re-mortgaging with PEXA
Australian FinTech PEXA have announced that Shawbrook is one of the first UK lenders that will be onboarded to adopt digital re-mortgaging on their revolutionary platform.
PEXA (Property Exchange Australia Ltd) are behind the world’s first digital property exchange platform. In collaboration with lawyers, conveyancers and lenders, their aim is to streamline the completion process which includes releasing funds simultaneously to avoid delays. Having successfully revolutionised the Australian residential property market, PEXA are rolling out their new platform to the UK market.
Starting with re-mortgages in the coming months, our Real Estate team are collaborating with PEXA to help them develop their technology to enhance the experience for customers and brokers; reducing associated time, risk and costs.
Marcelino Castrillo, our Chief Executive Officer, comments:
“Speed, simplicity and certainty are three critical factors that professional property investors need, not just from their funder but throughout the process. Working closely with their preferred advisers, we have always leveraged data and technology to deliver on these requirements for our customers – consistently and at scale. At Shawbrook we’re incredibly excited about the potential appeal and applicability of the PEXA model to the specialist mortgage market.”