Conveyancing distributor conveybuddy has reported an 88% year-on-year increase in instructions as it marks two years since launching.
The business, which launched in September 2024, now has 4,200 registered mortgage brokers using its platform, up 75% from 2,400 at the end of its first year.
The number of individual broker firms instructing through the platform has also increased from 580 to 1,030, representing growth of almost 78%.
Comparing the second quarter of 2026 with the same period last year, transactional conveyancing instructions increased 86%, remortgage instructions rose 83% and survey instructions jumped 123%.
INTEGRATION GROWS
Conveybuddy has also increased the proportion of cases handled by law firms fully integrated with its technology.
Around 52% of instructions were estimated to be going through integrated firms when the business launched. That proportion is now approaching 90%.
The integrations are intended to give advisers greater visibility over transaction progress and reduce the need to manually chase conveyancers for updates.
Conveybuddy has also expanded its conveyancing panel and added survey instructions during its first two years.
Its All Inclusive Remortgage proposition has been developed around providing customers with a single price incorporating the various costs involved in the conveyancing process rather than additional charges being introduced later.
FURTHER EXPANSION
Harpal Singh (main picture, inset), Chief Executive Officer of conveybuddy, says: “We’ve always tried to keep the proposition straightforward. Brokers and their clients want value for money, they want to know what they are going to pay from the outset without additional fees appearing later, and they want proper service and support when they need it.
“We’ve also invested heavily in integration because advisers shouldn’t have to spend their time repeatedly chasing for updates or entering information which already exists elsewhere.
“We estimate around 52% of our instructions went through integrated law firms when we launched, whereas today that figure is close to 90%, and we intend to keep moving that forward.”
The business plans further investment in technology, its conveyancing panel and its business development team during its third year as it looks to increase distribution across the UK mortgage intermediary market.
