Broker Conveyancing sees surge in post-Brexit activity

"Interestingly, while many anticipated a considerable drop in activity after the EU referendum in June last year, we continued to see increases in 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."