Broker Conveyancing registrations up three fold

Broker registration numbers were up three-fold in quarter two compared to quarter one with the business seeing a new broker submitting business every day throughout the period.

Harpal Singh, managing director of Broker Conveyancing, said: “As a relatively new brand barely a year old we anticipated a growing user base throughout our first 12 months however our new registration numbers saw a noticeable improvement during quarter two.

“The fact more brokers are registered to use the site however does not always translate into a rise in business levels but we’re pleased to report that nearly three-quarters of those who registered between April and June have already used the portal to submit business.”

The amount of referral fee broker users receive per case has risen since the launch of the new conveyancing portal last year.

The average referral fee throughout 2012 was £150 but during 2013 this has risen to £175 per case.

Singh added: “Brokers like the fact our pricing is competitive and that we pay on exchange rather than completion. Having this income far earlier in the process than with other distributors is a real bonus for brokers and their cash flow.”