Conveyancing Alliance Ltd has had 200 brokers registered to offer its new purchase conveyancing product, ‘Convey99’, during its first month of availability.

The online conveyancing distributor has seen an incremental rise each week in business levels.

Convey99 is offered at a pre-referral fee price of £99 plus VAT and disbursements for all properties purchased up to £500,000.

Based on its research, Conveyancing Alliance claims that Convey99 is up to £300 cheaper than any of its competitors.

Advisers are able to benefit from Convey99 by taking a referral fee of up to £200. Conveyancing Alliance believes a £299 price provides a strong deal for the client and a healthy commission for the adviser.

As well as being ‘no completion, no fee’ Convey99 comes with ‘fall-through search protection’ – should the property purchase fall through, clients will receive a guarantee of a replacement set of searches for any new property free of charge.

Harpal Singh , managing director of Conveyancing Alliance Ltd, said: “We have had a very pleasing broker response to Convey99 since we launched the product in March. Registrations to offer the product to clients continue to be high and we are now starting to see increased levels of business