Conveyancing distributor, conveybuddy, has today (16 October 2025) released its Q3 statistics, showing broad-based growth in instructions, a steady purchase/remortgage mix, continued broker preference for all-inclusive remortgage conveyancing, and a shift in the top remortgage lenders versus Q2.
In Q3, remortgage instructions made up 37% of all cases, very slightly down on the 38% in Q2, with purchase instructions very similar at 63% in Q3 compared to 62% in Q2.
Quarter-on-quarter, purchase instructions at conveybuddy rose 27% with remortgage instructions rising 26%.
With a significant number of mortgages maturing in the second half of 2025, conveybuddy expects the overall split to remain close to this level into Q4.
The distributor said the strength of the remortgage market continues to feed into the conveyancing products advisers recommend.
conveybuddy’s all-inclusive remortgage product - offered across multiple fee tiers - was chosen by brokers predominantly in three bands: the £249 option accounted for 31% of all-inclusive cases; £299 was 22%; and £349 for 16%.
Together, these tiers represented almost 70% of all-inclusive remortgage cases, underlining strong broker preference for recommending lower-priced options.
During Q3, 53% of all-inclusive cases were priced below £300 to the client, while in 61% of these cases the Telegraphic Transfer (TT) fee was included in the headline price (with brokers taking a lower referral fee), typically leaving clients better off than lenders’ ‘free legal’ options where a TT fee, and others, are charged on top.
Broker user numbers on the conveybuddy platform also continued to grow. Three-month active adviser users rose 23% quarter-on-quarter, while the total number of registered brokers now stands at nearly 3,000, with July setting a record month for new registrations and September marking a new high for three-month active users .
A new addition to the Q3 iteration of these statistics is a review of the top three lenders where an all-inclusive remortgage conveyancing product was recommended.
In Q3, the top three individual remortgage lenders were Santander (19%), Barclays (18%) and Nationwide (14%), with others representing 27%, contrasting with Q2 when Nationwide topped the table.
With cashback levels staying consistent across these lenders, conveybuddy suggested the shift was likely to do with a change in remortgage product pricing during the quarter.
Harpal Singh, CEO at conveybuddy, said:
“Our Q3 figures reflect what we’re seeing from the market: activity is still good, although we’re aware many feel activity levels have been subdued as a result of the speculation around what might be announced in next month’s Budget.
“Unsurprisingly, many are adopting a wait and see attitude and, while we saw excellent growth in September, for example, it was slightly below our initial expectations, probably due to the Government’s ill-conceived stamp duty policy kite-flying in August.
“At the same time, it’s clear brokers remain focused on doing the right thing for remortgage clients. We continue to see strong demand for separate legal representation, rather than ‘free legals’, with many clients using cashback to fund our all-inclusive remortgage option that removes unwanted surprises like TT and other charges. ‘Free legals’ remains the biggest misnomer in the market.
“Lower-range fee levels on our all-inclusive remortgage remain the most popular because they deliver a straightforward, cost-effective service with no hidden fee surprises for the client.
“The rise in active adviser users and steady new registrations point to continued demand for price transparency and reliable service from our panel firms. We’ve built solid momentum through Q3 and, based on the maturities pipeline, we expect this to carry on into Q4.”
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.
