The online conveyancing distributors Conveyancing Alliance Group today have launched a new website focused at brokers and their clients. Broker Conveyancing follows from Conveyancing Alliance’s other broker-only products, which include ‘Convey99’.
Broker Conveyancing offers a range of conveyancing products aimed exclusively at the broker market. It has a number of features which Conveyancing Alliance believe to be unique. Features include a radical pricing structure and the introduction of a £25 loyal bonus, which will be paid to the broker for every completed case.
The website has a brand new product range which covers four major products. These are purchase, sales, remortgage and cash back remortgage.
Conveyancing Alliance believes that Broker Conveyancing is the first in the marketplace where the broker is paid on exchange rather than completion. If completion doesn’t take place, no legal fees are charged, and the fee structure is all-inclusive. If the property purchase does not take place, the broker’s clients will not have to pay for their next set of searches.
Broker Conveyancing is launching with an initial panel of five solicitor firms. These are O’Neill Patient, Ramsdens, Martin Kaye, Shoosmiths and Woodford Stauffer.
Brokers can register on the website immediately, using their FSA authorisation details.
Harpal Singh, Managing Director of Broker Conveyancing commented:
“The launch of Broker Conveyancing represents a significant moment for the business and our overall product offering to this distribution group. Our core market is both brokers and estate agents and their needs are very different therefore we wanted to put a proposition together that was tailored specifically for brokers.
“We certainly believe that, at this time, we are not being beaten on price by any of any of our competitors and, on top of this, we are awarding a loyalty bonus for every single piece of business that completes with us. Brokers might rightly ask where this £25 comes from and the simple answer is that, on the whole, their network or club holds onto this.
“We however are giving this to the broker which means that with Broker Conveyancing, on average, they are increasing their fee per case by between 15-20%. This puts as much income into the broker’s pocket as we can and should send a signal that we have their best interests at heart.
“Other features such as pay on exchange show that we do not want to make brokers wait for their fees and therefore we have worked with our solicitor firms to put this into place.
“All in all this is a proposition which has the needs of brokers and their clients at its heart. Regardless of what some brokers are told, they should look to use such a proposition as it is unlikely they will receive this level of income anywhere else and not only will they benefit from our service levels and fee structure but so will their clients.”
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