Conveyancing distributor, conveybuddy, has today (20th January 2026) released its Q4 2025 statistics, showing a shift in activity influenced by pre-Budget uncertainty, a quarter-on-quarter increase in remortgage instructions, continued broker preference for lower-cost all-inclusive remortgage conveyancing, and a change in the leading remortgage lenders.
In Q4, remortgage instructions accounted for 41% of all cases, with transactional instructions making up the remaining 59%. This represented a 4% swing towards remortgage activity compared to Q3. Quarter-on-quarter, transactional instructions were down 6%, while remortgage instructions increased by 7%.
conveybuddy said the transactional dip was a result of a combination factors - the usual seasonal slowdown in property sales, but more widely a significant hesitation in the market due to the Autumn Budget, with many buyers and movers delaying decisions while waiting for clarity on tax and housing policy.
Despite overall instructions being fairly flat against Q3, adviser engagement on the conveybuddy platform continued to rise. Three-month active adviser users increased by 10% compared with Q3, despite less trading days across the three-month period, underlining sustained broker activity even while some clients paused decisions.
conveybuddy said once the Budget had passed and uncertainty eased, signs of pent-up demand began to emerge during both December and into January.
The resilience of remortgage activity continued to shape the conveyancing products advisers recommend.
conveybuddy’s all-inclusive remortgage product, offered across multiple fee tiers, remained concentrated at the lower end of the pricing scale. During Q4, 49% of all all-inclusive remortgage cases were priced below £300 to the client.
In 59% of all-inclusive cases brokers chose to include the Telegraphic Transfer (TT) fee within the headline price, taking a lower referral fee. In most cases, this left clients better off than under lender ‘free legal’ arrangements, where TT fees and other charges are commonly added separately.
Q4 data also showed a change in the top remortgage lenders where an all-inclusive conveyancing product was recommended.
During the quarter, Nationwide and NatWest were the leading lenders, compared with Santander and Barclays earlier in the year. conveybuddy said the shift was likely driven by changes in remortgage product pricing and cashback levels.
Harpal Singh, CEO at conveybuddy, said:
“Q4 was a sector dominated by the lead-up to the Budget with many potential market participants, understandably, adopting a wait and see approach. This was particularly prevalent in the transaction/purchase space and that is clearly reflected in our Q4 statistics.
“That caution fed through into lower transactional volumes, but adviser activity on our platform remained strong. Brokers were still working cases, preparing clients, and positioning themselves to act once there was clarity.
“Once the Budget passed and the noise died down, we began to see pent-up demand coming through in December, and that momentum has continued into January.
“The data also continues to show advisers recommending paid, all-inclusive options, often using mortgage product cashback to cover legal costs and removing additional fees such as TT charges for clients.
“Changes in the leading remortgage lenders are likely to reflect pricing and product shifts, and given the start to 2026, we might see further changes in Q1 as lenders are competing aggressively on price particularly in the remortgage space. Brokers will always follow value for their clients, and our role is to make sure the conveyancing process is transparent, fair and predictable when they do.”
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.
