Entrepreneurs behind IAM Sold launch online conveyancing ‘disruptor’

An online conveyancing system has been launched that enables small and medium-size agents to offer their own in-house branded service and take on the corporates. Ben Ridgway and Jamie Cooke (pictured, below) whose company Intelligent Services Group also owns IAMSold, has launched The Conveyancing Partnership (TCP), a free service for agents. TCP works by prompting vendors to start the initial stages of the conveyancing process prior to an offer being made and is claimed to improve relations between agents and solicitors, and speed up conveyancing by up to seven days, one agent trialling the system claims. TCP acts as a way to persuade vendors to use the agent’s own solicitors, and then enables agents to offers their own branded ‘in-house’ conveyancing service to progress the sale. If the customers then go on to use TCP’s no-sale, no fee service run through a panel of local solicitors picked by the agent, then branches can expect referral fees of between £100 and £225 per case, TCP says. At the beginning of the process vendors are asked to fill in a Law Society-approved online questionnaire which prompts them for the details they would normally only provide once the conveyancing process start. This includes the…

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