The online conveyancing distributor put the improvement down to a number of factors including the launch of its two broker specific products, “Rapid Remo” and “Convey99” and the growth of its relationships with estate agents.
It anticipated strong continued growth throughout 2012 particularly in the broker market where it says it will launch a number of initiatives over the course of the next few months.
Harpal Singh, managing director of Conveyancing Alliance, said: “These figures are particularly pleasing when we consider the flatness of the overall mortgage and housing market in general.
“We believe they are indicators of the fact that brokers are shopping around for better value, and want to offer their clients quality and lean pricing when it comes to conveyancing.
“The conveyancing sector has certainly become much more competitive over the past two years as the domination of the larger firms has accelerated.
Singh said Conveyancing Alliance thought smaller, non-specialist operators in the market were under severe pressure.
He added: “We are finally starting to see brokers and advisers, in particular, looking seriously at the conveyancing sector as a means to finding another income stream but also to ensure they keep control of their client via their conveyancing.
“This type of diversification and the search for greater control is likely to continue and we therefore have a number of broker-specific plans which we believe will provide great opportunities for the sector – we will be announcing these shortly.”
