conveybuddy, has today (19th March 2026) reported a sharp rise in conveyancing instructions following last week’s widespread withdrawal of mortgage products, as brokers rushed to secure deals for clients ahead of their removal.
The platform recorded a 26% week-on-week increase in total instructions, pointing to a clear shift in broker behaviour as lenders pulled a wide range of products and adjusted pricing, following shifts in market sentiment around rates and funding.
The uplift was most pronounced in the remortgage space, with instructions rising by 32% week-on-week. Purchase cases also saw a notable increase, with transactional instructions up 21%.
conveybuddy’s data suggests the surge was not driven by new demand entering the market, but by existing business being brought forward to meet lender deadlines. The platform said brokers ensured mortgage applications were submitted before products were withdrawn or rates increased, creating a short-term spike in activity.
It said this behaviour translated quickly into conveyancing instructions, as advisers moved to recommend and secure conveyancing representation for clients alongside mortgage applications, rather than delaying until later in the process.
The data also highlights where activity was most concentrated at lender level. Cases linked to Santander rose by 156% week-on-week, while Barclays saw a 61% increase and Accord 56%, indicating some of the lenders where brokers were most actively placing business during the period.
conveybuddy said the figures demonstrate how quickly lender actions last week impacted the wider transaction chain, with conveyancing demand closely following mortgage application trends.
It added that it now expects activity to stabilise in the coming weeks as the pipeline normalises, although further lender movements may continue to influence instruction levels in the short term.
Launched in 2024, conveybuddy provides a tech-enabled panel management service supported by over 80 years of combined conveyancing distribution expertise. As of today, it has over 3,200 registered brokers and has ambitious plans to grow this throughout the next 12 months. conveybuddy offers advisers a transparent and streamlined solution across sale, purchase, remortgage (including an all-inclusive option), and survey cases.
Harpal Singh, CEO at conveybuddy, said:
“We saw a clear and immediate reaction from brokers last week as lenders began withdrawing products and repricing. Advisers quite rightly focused on getting mortgage applications submitted in a very short period of time, but what was equally noticeable was the immediate follow-through into conveyancing instructions.
“What this shows is that when brokers move, the rest of the process moves with them. Conveyancing isn’t an afterthought in these moments, it becomes part of the same urgency to protect the client’s position.
“This wasn’t organic growth in the market - it was a reaction to a closing window. Brokers were effectively accelerating decisions, particularly on remortgage cases where they had more control over timing. That kind of ‘now or never’ moment creates immediate pressure not just on advisers, but across the entire transaction chain, including conveyancers.
“Short-term market shocks like this appear to be an increasingly ‘normal’ part of our marketplace. The key is how well the wider process stands up to it. Brokers need confidence that once they’ve secured a rate for their client, the legal side can keep pace. By using our platform, they’re able to ensure that certainty for their clients.
“As a platform, we see these shifts in real time. It gives us a clear view of how broker behaviour translates into instruction volumes, and last week was one of the clearest examples of that link.”
