Number rises to 4200 as firm celebrates second birthday

Conveyancing distributor Conveybuddy has announced a 75% increase in registered mortgage brokers and a 78% rise in the number of individual broker companies instructing the business.

The company now has 4,200 registered brokers, up from 2,400 at the end of its first year after launching in September 2024. Celebrating its second birthday this month, the number of individual broker companies instructing Conveybuddy has risen from 580 at the end of its first year to 1,030 at the end of its second.

The company has also announced an 88% year-on-year increase in overall instruction levels when comparing Q2 2026 with the same quarter last year. Transactional instructions rose 86%, remortgage instructions increased 83% and survey instructions grew by 123%.

Conveybuddy said that initially when the company first launched around half (52%) of instructions were handled by law firms fully integrated with its platform. Since then, the figure has increased to nearly 90%.

The company has continued to expand its panel of conveyancing firms during the period, while also adding survey instructions and developing its All Inclusive Remortgage proposition which provides clients with a single price incorporating the costs involved.

Conveybuddy said its brokers had cited value for money, the absence of hidden fees, and the service and support provided by its team and law firm partners as reasons for switching their conveyancing business to the platform.

Further investment planned

It also plans further investment in its team, technology, panel relationships and adviser support this year, while also expanding its distribution across the UK mortgage intermediary market.

Harpal Singh, CEO at Conveybuddy, said: “Two years have gone incredibly quickly, and while we’re obviously very pleased with the growth we’ve achieved, the most important thing for us is what sits behind those numbers and why increasing numbers of advisers are choosing to use us.

“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. Those principles were important when we launched and, judging by the feedback we receive from brokers, they are even more important today.”