Remortgage activity has returned to normal following the spike seen in March, according to the latest Q2 2026 statistics from conveybuddy.
The latest quarterly figures show purchase/sale transactions increased as a proportion of overall instructions during Q2, accounting for 63% of all cases compared to 57% in Q1.
At the same time, remortgage instructions returned to more typical levels – 37% – after the surge in activity seen in Q1 this year (accounting for 43%), when advisers in March sought to secure deals before products were withdrawn and prices changed.
Harpal Singh, CEO at conveybuddy, said: “When we published a market update in early June, we suggested some of the commentary around a slowing purchase/sale transaction market was missing the bigger picture. Much of what we felt was going on was more about remortgage activity returning to normal levels following the exceptional surge we experienced in March, rather than a collapse in transactions. These full Q2 figures appear to support that assessment.
“What is particularly encouraging is that transaction activity has improved throughout the quarter and has grown as a proportion of our overall instructions. People are still buying and selling property, advisers are continuing to support those clients and transactions are progressing through the system.
