Home purchase activity continued to strengthen through Q2, challenging claims that the housing market is experiencing a broad-based slowdown, according to new data from conveyancing distributor conveybuddy.

Analysis of instruction volumes received during the first 10 working days of April, May and June showed purchase and transactional instructions rose consistently across the period, increasing 37% overall. June purchase instructions were up 15% month-on-month and 37% higher than April, the company found.

The figures contrast with a softer remortgage market, where activity remains below spring levels following a “significant spike” in March as brokers rushed to secure deals ahead of lender pricing changes and product withdrawals linked to the conflict in Iran.

Remortgage instructions fell 12% in May compared with April before recovering modestly in June, rising 6% month-on-month but remaining 7% below April levels.

Survey activity also accelerated, which conveybuddy said supports continued strength in the purchase market. Survey instructions increased 12% in May compared with April and were up 33% in June versus May, leaving volumes 49% higher than April.

According to the company, comparisons with unusually elevated remortgage volumes earlier in the year risk creating a misleading picture of wider housing activity. It acknowledges that affordability pressures and confidence challenges remain, but argues that its data shows a market that is stabilising rather than weakening, with buyers continuing to enter the market and transactions progressing.

“Over the last few weeks there has been a lot of commentary suggesting the purchase market is struggling, but that is not what we are seeing from our own instruction data coming through the conveybuddy platform,” said conveybuddy CEO Harpal Singh.

“Our transactional activity has increased in each of the first 10 days of the last three months and June has been particularly strong. If anything, the figures suggest the purchase market is proving more resilient than many people might think,” Singh said.

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