Mortgage Brain has revealed that over 500 brokers and financial advisers have adopted its new conveyancing service, ConveyancingBrain, in the first few months since it went on general release.

Around 50 brokers a week are currently signing up to the new online system, which is available free of charge and is designed to offer all mortgage brokers an additional complimentary income stream.

ConveyancingBrain enables brokers to obtain a range of conveyancing quotes including property sale, purchase, sale & purchase, re-mortgage and transfer of equity. All quotes are automatically saved on the system and valid for 21 days and brokers have the ability to adjust what they want to earn on individual quotes.

Mark Lofthouse, CEO of Mortgage Brain, said: “We’re delighted with the initial success and widespread adoption of ConveyancingBrain.

“The system offers brokers a safe and trusted process and with swift commission payments of up to £300 per case and a panel of solicitors that all have Conveyancing Quality Scheme accreditation, it’s proving to be a big hit with those that use it.”