Broker Conveyancing sees surge in post-Brexit activity

Sale and purchase conveyancing instruction levels received via its platform during 2016 were 19% up on 2015, while remortgage instructions increased by a significant 56%. Total instructions rose by 31% year-on-year.

Broker Conveyancing has also tracked its instruction levels across the second half of 2016 compared to the pre-Brexit referendum vote in the first six months of the year.

Sale and purchase instructions for H2 were 17% up on the first six months, while remortgages were 41% up. Total instructions were up 27% compared to the same period.

Broker Conveyancing saw a much more even split between remortgage and sale/purchase instructions over the course of the year. In 2015, the total split was 60% sale and purchase to 40% remortgage, however in 2016, the total split was more even at 53% sale and purchase and 47% remortgage.

Harpal Singh, Managing Director of Broker Conveyancing, commented: “It’s obviously been a very strong year for us in terms of both growth in our instruction levels and the number of broker users that continue to gravitate towards our proposition. A 31% increase in total instructions and a 32% increase in users shows that we’ve seen similar growth levels across the board.

“Interestingly, while many anticipated a considerable drop in activity after the EU referendum in June last year, we continued to see increases in activity with a 17% uplift in purchase instructions and a 41% increase in remortgage activity in the second half of the year."