Conveyancing panel management service provider Conveybuddy has launched a portal for brokers, which it says provides cost savings that can be passed directly to customers.

The company says the new bespoke quoting portal allows introducers to choose the best conveyancing providers for their clients.

The range of products offered features surveys and, an ‘all-inclusive remortgage’ that includes all disbursements and a fixed referral fee.

Referral fees are paid the week after exchange on purchases and the week after completion on remortgages.

The panel management service says it does not take a large slice of any fee and provides full transparency of charges at quotation.

The Conveybuddy team is led by Harpal Singh and John Phillips who both return to the conveyancing market after nearly five years. Phillips joined Conveyancing Alliance (CAL) in 2006 and Singh in 2009 before launching the Broker Conveyancing brand in 2012 shortly after orchestrating an MBO. They subsequently sold the group in 2016 and resigned from the board at the end of 2019.

Conveybuddy chief executive Harpal Singh says: “The panel management conveyancing model for introducers hasn’t changed since we’ve been gone, but what has changed is a steady increase in panel fees and a lack of transparency as panels have sought to increase their margins.

“Our model, which embraces market leading technology, seeks to revolutionise this status quo. By understanding exactly what intermediaries want, we feel we have created a solution that leads the market – in terms of pricing, technology, service, and support.”