
conveybuddy, has released its Q2 statistics, showing a slight shift in the balance between purchase and remortgage instructions received, alongside strong adoption of its all-inclusive remortgage product and increased broker registrations.
In Q2, remortgage instructions made up 38% of all cases compared to 36% in Q1, with purchase instructions falling back from 64% to 62%.
conveybuddy said that with close to hundreds of thousands of mortgages coming up for maturity in the second half of 2025, it anticipated the split in favour of this business to remain similar throughout the rest of the year.
The strength of the remortgage market has fed into the type of remortgage conveyancing products being recommended to clients by brokers.
conveybuddy’s all-inclusive remortgage product, which has multiple fee tiers, was chosen predominantly in three specific fee tiers: its £249 fee option accounted for 32% of remortgage cases; the £299 fee option made up 24.5%; and £499 fee option accounted for 19%.
Together, these options represented nearly three-quarters of all-inclusive remortgage cases, with conveybuddy saying it underlined strong broker/borrower preference for mid-range fee levels.
Broker user numbers on the platform also reached new highs up 40% quarter-on-quarter. The total number of registered brokers on conveybuddy now stands at over 2,500, with July setting a record month for new registrations and the second week of August becoming its busiest single week to date.
Launched in 2024, conveybuddy provides a tech-enabled panel management service supported by over 80 years of combined conveyancing distribution expertise. It offers advisers a transparent and streamlined solution across sale, purchase, remortgage (including its all-inclusive option), and survey cases.
Harpal Singh, CEO at conveybuddy, said:
“Our Q2 figures underline what we are hearing from the market in that remortgage activity is strong and the sheer number of mortgages coming up for maturity through the rest of 2025 is likely to ensure this trend remains. It is very positive to see our broker users recognising the value of their remortgage clients having separate legal representation and our all-inclusive remortgage product is incredibly popular with many clients taking advantage of cashback availability in order to fund this.
“Mid-range fee levels on the all-inclusive remortgage product remain the most popular, providing a cost-effective conveyancing service to clients, and our increase in broker users and registration suggests there is a real demand for fee transparency and an excellent service from our panel of law firms. We have built some real momentum through the first two quarters of the year, and if our July/August figures are anything to go by, this is only going to continue in the future.”