Advisers miss £330m in conveyancing fees

The firm says intermediaries are missing out on the equivalent of two mortgage procuration fees every month and also giving their clients a lower service standard. Easier2Move claims advisers made over 6.8m residential mortgage sales between 2003 and 2007, but just 40% recommended conveyancing services to their clients. With conveyancing fees averaging around £100 per referral, advisers could have earned £1,600 in fees per month, around £330m across the industry since 2003. Karen Babington, marketing director at Easier2Move, says those adviser that do recommend conveyancing tend to do so...