Transactional figures for January and February 2015, consisting of both sales and purchases, increased by 127% compared to November and December 2014. Remortgage instructions increased by 84% over the same period.
Total instructions for January and February 2015 were 112% up on the same period last year.
Broker Conveyancing said its instruction levels had increased due to more new brokers using the service. An average of two new users a day have begun to use the firm over the past 10 months while the total number of monthly users has more than doubled year-on-year.
Harpal Singh, managing director of Broker Conveyancing, said: “Despite some evidence that suggests transaction levels have fallen since before the end of the year, Broker Conveyancing has seen growth in both our transaction and remortgage instructions, particularly for purchases.
“We put this down to a number of drivers including a rise in the level of new build purchase activity as well as buy-to-let purchases. Add in the fact that the post-Mortgage Market Review environment undoubtedly favours the broker sector and we can see an improvement in overall broker business activity and a greater number of firms developing the conveyancing advice part of their propositions.”
