Conveyancing distributor conveybuddy has reported strong growth in its Q3 2025 figures, with steady performance across both purchase and remortgage instructions and continued broker preference for lower-range all-inclusive remortgage products.
In Q3, remortgage instructions accounted for 37% of all cases, slightly down from 38% in Q2, while purchase instructions held steady at 63%, up marginally from 62% in the previous quarter.
Quarter-on-quarter, purchase instructions rose 27%, while remortgage instructions increased 26%.
With a significant number of mortgages maturing in the second half of 2025, conveybuddy expects the current purchase–remortgage balance to continue into Q4.
The company said that the strength of the remortgage market continues to influence adviser recommendations, with brokers increasingly selecting conveybuddy’s all-inclusive remortgage conveyancing products.
The £249, £299, and £349 fee tiers were the most popular, accounting for almost 70% of all-inclusive remortgage cases. The £249 band alone represented 31% of cases, followed by £299 (22%) and £349 (16%).
In Q3, 53% of all-inclusive remortgage cases were priced below £300, while in 61% of those cases, the Telegraphic Transfer (TT) fee was included in the headline cost – typically leaving clients better off than lender “free legal” offers, which often add TT and other charges separately.
Broker engagement on the platform also continued to rise.
Active adviser users increased 23% quarter-on-quarter, while total registered brokers are approaching 3,000. July set a record for new registrations, and September marked the highest number of active users over a three-month period.
For the first time, conveybuddy’s Q3 data also included a ranking of the top remortgage lenders for all-inclusive cases.
The leading three were Santander (19%), Barclays (18%), and Nationwide (14%), with other lenders making up 27%.
This marked a change from Q2, when Nationwide led the list. The shift is attributed to changes in product pricing rather than cashback variations.
Harpal Singh (pictured), 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.”
