From Kevin ThorntonI was interested to read the letter from Christopher Platt (Mortgage Strategy October 3) about buying leads. My first thought is, if these people were not looking for a mortgage is this not cold calling? I have recently been receiving an email per day offering me a lead from Estate Angels or should that be Angles. Although I have not yet signed up with it, it has been unable to place these leads and knows I wouldn’t want to miss business opportunities like these. These have included a staff nurse working in Manchester on 39,950 per year -that made my wife laugh as she is a nurse and doesn’t know anyone in nursing earning that amount. Another was a first-time buyer on a salary of 12,000 looking for a mortgage between 100,000 and 120,000. Today’s hot lead? Donna in the North-West looking for a 200,000 mortgage on a buy-to-let scheme. On the old NatWest calculation that would mean a monthly rental income of 1,667 -I don’t think so. I can only assume the person taking the leads (or making up the leads?) has lost all interest, or perhaps the will to live.
- Top trends
BM Solutions launched its annual money sale last week with a batch of mainstream products starting at 3.75%, in a move described by some pundits as a bid to stave off negative publicity following the high profile departure of key staff last week.On Monday last week HBOS head of specialist lending Michael Bolton spearheaded a […]
There are only seven days left to nominate in the search to find the UKs top women advisers for the Women Financial Adviser Group awards. There are five categories in the awards organised by the non-profit organization, including, best woman IFA (including WOM); best multitied, tied and mortgage advisers and best female paraplanner. There are […]
Hometrack’s September survey of the housing market reports a further fall of 0.1%. House prices have now been falling for 15 consecutive months. The average house price is 160,900, down over 3.7% in the past 12 months.
They said it would never happen but Rightmove is poised to introduce an automated valuation system that could herald instant mortgage offers next year, says Frank Eve
In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham looks at how to configure portfolios to match different risk appetites, explaining the tools he uses to manage risk. Click here
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