SortRefer achieves strong end of the year

While conveyancing business fell in the two months after the vote to leave on June 23 instructions had increased by 5% compared to before the vote by November.

SortRefer achieves strong end of the year

Conveyancing portal SortRefer saw activity increase at the end of 2016 after the shock of the Brexit vote wore off.

While conveyancing business fell in the two months after the vote to leave on June 23 instructions had increased by 5% compared to before the vote by November.

Kevin Tunnicliffe, managing director of SortRefer, said: “We should have realised that if Leicester City could win the Premier League title then anything was capable of being overturned and so it transpired.

“The result of the Brexit vote, no matter on which side of the issue you stood, was a complete surprise.

“After the initial shock and the realisation that the world had not stopped spinning, activity came back to normal for us and in fact we ended the year very strongly.”

He added: “I think pundits will be very cautious about their predictions for 2017 after what happened in 2016.

“As the CML is suggesting only a small percentage increase in likely lending levels this year, I think that is a clue to how we should all view the prospects for 2017.”