Broker Conveyancing has announced it recorded rises in both its instruction and adviser user figures throughout 2019.
The broker-focused conveyancing distributor revealed that sale and purchase conveyancing instruction levels received via its platform during 2019 were 15.93% up on 2018, while remortgage instructions also increased by 15.73%. Total instructions rose 15.83% year-on-year.
Broker Conveyancing also tracked its instruction levels across the second half of 2019 compared to the first six months and announced its sale and purchase instructions for the second half were 1.61% up on the first six months, while remortgages were 4.51% up. Total instructions were up by 3.03% compared to the same period.
The distributor announced that remortgage activity grew through 2019 and that there was close to a 50% split between remortgage and sale and purchase instructions during the 12 months.
Total user numbers also saw a rise of 19.42% in 2019 compared to the previous year, with Broker Conveyancing suggesting this was down to the strength of its proposition especially on pricing and service.
“Our focus has always been on simplicity, and we believe we have a clear edge on other propositions in terms of our pricing, the firms on our panel, and the service we’re able to offer advisers and their clients,” Broker Conveyancing managing director, Mark Snape, commented. “Plus, we also pay our brokers on exchange.
“Our total solution allows us to be extremely bullish about 2020, with a much more active market, and our proposition going from strength to strength. In the first two months of 2020, we are already tracking circa-30% above our record-breaking figures of 2019.
“I also believe that more and more advisers are seeing the value for them, and their clients, in providing advice on conveyancing, and they are being drawn to Broker Conveyancing because we can consistently deliver for them and ensure they add a considerable string to their advice bow.
“Interestingly, our largest percentage business growth has come in the first-time buyer sector, meaning advisers are getting ever more adept at selling our proposition upfront and offering their new customers a great value-for-money solution.
“We expect more of the same in 2020 and beyond and will be working with all stakeholders and our existing and new users to make sure they get the most out of their conveyancing propositions.”
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