Remortgage activity jumps in Q1 – conveybuddy

conveybuddy has recorded a sharp rise in overall activity in the first quarter of 2026, driven by an increase in business brought forward into March, a shift towards remortgage-led activity and a continued increase in broker usage of the platform.

The conveyancing distributor found that total instructions jumped by over 50% quarter-on-quarter, due 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.

This resulted in brokers accelerating cases and securing deals for clients ahead of rate changes.

As a result, conveybuddy recorded a large volume of business 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.

Chief executive officer at conveybuddy, Harpal Singh, 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."

conveybuddy suggested there is an ongoing focus on cost certainty and clear pricing for clients among brokers, especially during periods of rate volatility.

"What’s been particularly noticeable is conveyancing is no longer treated as a later step," Singh added. "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.

"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."



Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


Mortgage Advice Bureau and AI in the mortgage sector
Chief executive officer at Mortgage Advice Bureau, Peter Brodnicki, and founder and managing director at Heron Financial, Matt Coulson, joined content editor Dan McGrath to discuss how Mortgage Advice Bureau is using artificial intelligence to make advancements in the mortgage industry, the limitations of this technology and what 2026 will hold for the market

Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget

NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?

Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?



In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.

Advertisement