Broker Conveyancing calls for network control
The distributor said far too many networks are paying lip-service to the conveyancing options they offer their appointed representative firms and should instead look to deliver a proposition which ARs can ill afford not to use.
Harpal Singh, managing director of Broker Conveyancing, said: “We read all too often about the significant pressures networks are under today particularly financial and also from a regulatory and fraud point of view.
“One area where networks could adopt a more forward-thinking strategy is within conveyancing where far too many firms are not informed or active enough.
“We have looked at a number of networks and they are often allowing their conveyancing proposition to wither on the vine allowing AR firms to do as they wish in terms of selecting solicitor firms, recommending a service to clients and securing income from the instruction.
“This is a major risk for any network and seems madness when there is the opportunity to white-label a system from a distributor like ourselves.”
Singh said that by doing this networks would have improved control over conveyancing and also be able to cut down on the regulatory risk and deliver benefits to the bottom line.
Broker Conveyancing was launched last year to meet the specific conveyancing needs of brokers and their clients.