Conveyancing instructions have registered a sharp rise since last week’s widespread withdrawal of mortgage products, according to conveybuddy.

The conveyancing distributor said that brokers rushed to secure deals for clients ahead of their removal.

conveybuddy recorded a 26% week-on-week increase in total instructions on its platform, which it said pointed to a shift in broker behaviour as lenders pulled a range of products and adjusted pricing. This came amid changes in market sentiment around rates and funding, in response to events in the Middle East.

The data showed the uplift was most pronounced in the remortgage space, with instructions rising by 32% week-on-week. Purchase cases also saw a notable increase, with transactional instructions up 21%.

conveybuddy suggested that the surge was not driven by new demand entering the market, but by existing business being brought forward to meet lender deadlines. The platform said brokers ensured mortgage applications were submitted before products were withdrawn or rates increased, creating a short-term spike in activity.

“We saw a clear and immediate reaction from brokers last week as lenders began withdrawing products and repricing,” commented conveybuddy CEO, Harpal Singh. “Advisers quite rightly focused on getting mortgage applications submitted in a very short period of time, but what was equally noticeable was the immediate follow-through into conveyancing instructions.

“What this shows is that when brokers move, the rest of the process moves with them. Conveyancing isn’t an afterthought in these moments, it becomes part of the same urgency to protect the client’s position.

“This wasn’t organic growth in the market – it was a reaction to a closing window. Brokers were effectively accelerating decisions, particularly on remortgage cases where they had more control over timing. That kind of ‘now or never’ moment creates immediate pressure not just on advisers, but across the entire transaction chain, including conveyancers.”

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