Conveyancing distributor, conveybuddy, has today (16th June 2026) released new market data showing a significant rise in purchase-related activity between May and June, challenging suggestions the housing market is experiencing a widespread purchase slowdown.
Analysis of instruction volumes received by conveybuddy across the first 10 working days of April, May and June shows purchase/transactional instructions have continued to increase throughout the quarter, rising by 37%. June figures show a 15% increase on May and a 37% increase compared to April.
At the same time, June remortgage activity remains below April levels, with conveybuddy suggesting this reflects a market still adjusting after the significant spike in activity seen during March. At this point brokers moved quickly to secure deals for existing borrowers ahead of lender product withdrawals and pricing changes fuelled by the war in Iran.
Remortgage instructions in the first 10 days of May were down 12% on April, while June has recovered slightly, up 6% on May, but still down 7% on April. The new data however does show showed continued growth in survey activity, with instructions in May up 12% on April, and instructions in June up 33% on May, and 49% on April.
conveybuddy said the figures point towards a market where purchase activity remains resilient despite ongoing economic uncertainty, while remortgage volumes have normalised following the unusually high levels of activity seen earlier in the year, particularly through March.
conveybuddy will be releasing its full quarterly data - for Q2 this year - in early July covering total instruction figures, broker use and the top lenders recommended.
Launched in 2024, conveybuddy provides a tech-enabled panel management service supported by over 80 years of combined conveyancing distribution expertise. It offers advisers a transparent and streamlined solution across sale, purchase, remortgage and survey cases.
Harpal Singh, CEO at conveybuddy, said:
“Over the last few weeks there has been a lot of commentary suggesting the purchase market is struggling, but that is not what we are seeing from our own instruction data coming through the conveybuddy platform.
"Our transactional activity has increased in each of the first 10 days of the last there months and June has been particularly strong. If anything, the figures suggest the purchase market is proving more resilient than many people might think.
"Part of this confusion appears to come from what is happening in the remortgage space where we saw a huge spike in mortgage business brought forward into March as brokers acted quickly for clients in response to lender pricing changes and product withdrawals. It was always likely that activity would settle down afterwards.
"When you compare what is happening today with those exceptional levels of remortgage activity, it can create the impression the wider market has slowed dramatically. However, purchases are continuing to move through the system and our data suggests activity remains healthy. The increase in survey instructions supports that view because surveys tend to be closely aligned with genuine purchase activity.
"That does not mean the market is flying, and there are clearly still affordability challenges and confidence issues in some areas, but there is an important difference between a market that is stabilising and a market that is falling away.
"We continue to see buyers entering the market, transactions progressing and advisers helping clients move home. The underlying drivers of housing activity have not disappeared and, from our perspective, the purchase market remains far more robust than some of the headlines would suggest.”
