conveybuddy quarterly data shows Q1 activity surge as market volatility drives earlier remortgage demand and broker growth

13 April 2026

Conveyancing distributor, conveybuddy, has today (13th April 2026) released its Q1 2026 statistics, showing a sharp rise in overall activity driven by business brought forward into March, a shift towards remortgage-led activity, and a continued increase in broker usage of the platform.

Total instructions were up by over 50% on Q4 2025, with conveybuddy pointing to a period of steady increasing activity in January and February, followed by market volatility in March which saw lenders withdraw products and adjust pricing, prompting brokers to accelerate cases and secure deals for clients ahead of rate changes.

conveybuddy said this resulted in it seeing a large volume of business likely being brought forward into March, particularly within the remortgage space, as brokers were able to act quickly on behalf of existing borrowers in response to lender deadlines.

This follows trends identified in mid-March, where conveybuddy reported a sharp significant spike in instructions as brokers sought to secure conveyancing services for their clients.

As a result, conveybuddy said Q1 activity does not simply reflect new demand entering the market, but cases being brought forward, with brokers prioritising speed and certainty in order to protect client outcomes.

Alongside the increase in instructions, conveybuddy also recorded a clear rise in active broker users during the quarter, up over 18% for the three-month period, highlighting continued growth in adoption of its platform. The firm said this reflected brokers’ need for greater control over the conveyancing process, particularly during periods where timing is critical.

The data also shows continued preference for conveybuddy’s all-inclusive remortgage product over lenders’ ‘free legals’, particularly at lower price points. It highlighted the majority of cases remained concentrated below £349, underlining brokers’ ongoing focus on cost certainty and transparent pricing for clients, especially during periods of rate volatility.

At lender level, activity was closely spread across a number of major players. Barclays and NatWest were the two most active lenders during the quarter, followed by Nationwide and Santander, with BM Solutions also featuring prominently.

conveybuddy said the narrow gap between leading lenders reflects brokers moving quickly in response to product pricing and cashback changes.

Harpal Singh, CEO at conveybuddy, said:

“Q1 was shaped by a very different set of dynamics compared to the end of last year. Rather than clients holding back, we saw brokers and their clients bringing decisions forward, particularly during March when it was vital they responded quickly to lenders withdrawing products and changing rates.

“What we reported in March was a clear reaction to those market movements, but what the broader quarterly data shows is the wider impact of that behaviour. A significant volume of business was effectively pulled forward, especially in the remortgage space where clients could act more quickly.

“At the same time, we’ve seen more brokers using the platform, and that’s not by chance. In periods like this, they need confidence not just in securing a rate, but in the whole legal process that follows. Getting the conveyancing right is critical if you want that case to complete on time.

“What’s been particularly noticeable is conveyancing is no longer treated as a later step. Brokers are making those decisions alongside the mortgage recommendation because they understand any delay at that stage can put the client’s position at risk.

“The continued demand for our all-inclusive remortgage options, particularly in the fact it is widely being chosen over ‘free legals’, also reflects that need for certainty. Clients want to know exactly what they are paying, and brokers want to avoid any surprises that could slow things down.

“Looking ahead, it’s possible that some of this activity would have otherwise taken place later in the year, so we may see a more uneven pattern in the months ahead. However, what remains constant is the need for a conveyancing process that can keep up with how quickly the mortgage market now moves.”

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.

For more information on conveybuddy, visit www.conveybuddy.com