conveybuddy has reported a shift towards remortgage instructions away from purchase instructions in Q2.

The conveyancing distributor revealed that remortgage instructions made up 38% of its cases compared to 36% in Q1, while purchase instructions fell back from 64% to 62%.

conveybuddy said that amid thousands of mortgages coming up for maturity in the second half of 2025, it had anticipated the split in favour of this business to remain similar throughout the rest of the year.

Broker user numbers on the platform conveybuddy also reached new highs during the quarter, up 40% from Q1, the firm reported. The total number of registered brokers on conveybuddy now stands at over 2,500, with July setting a record month for new registrations.

“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,” conveybuddy CEO, Harpal Singh, said.

“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.”

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