conveybuddy’s Q2 2025 figures showed remortgage instructions made up 38% of total cases, up from 36% in Q1.
Purchase instructions dropped from 64% to 62%.
The distributor said with large numbers of mortgages due to mature in Q2 2025, it expected the split between purchase and remortgage business to stay about the same for the rest of the year.
Brokers mainly selected conveybuddy’s all-inclusive remortgage product at three fee levels.
The £249 option made up 32% of cases, £299 took 24.5%, and £499 accounted for 19%.
These three options covered nearly three-quarters of all-inclusive remortgage cases, showing a preference for mid-range fees.
Broker registrations reached record highs, with numbers up 40% on the previous quarter.
The platform now has over 2,500 registered brokers.
July was the busiest month for new registrations, and the second week of August set the highest week on record.
Harpal Singh (pictured), 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.”
Singh added: “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.”
