Strong rise in conveyancing instructions since referendum, claim

A conveyancing distributor says there has been a strong upturn in instructions since the referendum.

Broker Conveyancing, which takes instructions via mortgage brokers, said August was particularly strong, with sale and purchase conveyancing instructions up 11% on July, and up 29.4% on August last year.

While the business acknowledged that some of the increase will be due to increased market share, this could not be the entire explanation.

It said that in June, July and August, sale and purchase instructions were up 11% on March, April and May.

Harpal Singh, managing director of Broker Conveyancing, said: “Looking at our figures for June, July and August it’s clear that we have not experienced any post-EU referendum slowdown.

“August was a record month for instructions for us with both sale and purchase, and remortgage – numbers hitting their highest since we launched Broker Conveyancing in 2012.

“Overall, the last three months have also been excellent – a very slight dip during July from June’s figures but we made up for this during August.

“Unless we see a considerable negative Brexit-related effect, we anticipate a continuation of greater activity to come.”

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One Comment

  1. pambrose

    Very interesting – Broker Conveyancing could you confirm the actual numbers involved?

    I ask because it could be skewed by small numbers given that this is a young company….

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