Mortgage brokers are increasingly being encouraged to look for commissions from referrals to Conveyancing Solicitors. Brokers 'London & European' have warned brokers that they are throwing away potential income by not employing this practice. This opportunity is available via Conveyancing Solicitors firms nationwide.
Commenting on commission opportunities for Conveyancing, London & European Christopher Taylor, CEO explained: “Too many brokers stay committed to their local property Solicitor that they’ve probably had a relationship with for years, losing out on a profitable source of income…. . Old loyalties may not be enough to sustain brokers in view of the attractive commissions available to them from online Conveyancing like ours. Brokers should be making the most income they can from each and every case they manage. ”
There is no mention of disclosure of commission by brokers for recommending a property Conveyancing Solicitor. London & European may well advocate such disclosure.
Please note, however, that Fridaysmove do not pay commissions to brokers for Conveyancing referrals. All savings we make on Conveyancing Solicitor commissions are passed on directly to our clients.