View more on these topics

Leadbay is taking brokers for a ride on life quotes

Name and address supplied

As a mortgage broker I am always looking for a good source of leads, and have used Leadbay to good effect.

To make a mortgage cost-effective in light of the miserable proc fees we are now paid I always look to sell life cover. Imagine my surprise when I found the firm’s website is directing all its mortgage enquires to Click Financial for a life quote once they have completed the enquiry form on one of its websites (www.mortgages.co.uk).

Leadbay is saying to brokers – you do the donkey work but we’ll make sure that you have competition straight away for life quotations.

I will no longer use this website and suggest others do the same. Lead providers are getting greedy and think they can take brokers for a ride. These practices will create mistrust and it will be the lead providers that suffer.

Recommended

Tenet appointment

The Tenet Group has appointed Rupert Robson as non-executive member of the Tenet main board. Robson worked for 10 years for Schroders, three years for Citigroup Global Markets and most recently was global head of the financial institutions group at HSBC Corporate, Investment Banking and Markets.

Lead generation is about quality rather than quantity

From Hugo Craggs Having just read the leader in last week’s issue on the subject of lead generation, I have a few observations to make. The first paragraph states that to ensure to a steady pool of new clients a broker must either obtain leads from their own website or via a lead generator. But […]

Pack to the future

Whether they are a good idea or not the government is about to start pushing home information packs so brokers must be ready to help their clients, says Melanie Bien

Employers pessimistic about their company’s prospects

Employers are less optimistic about their companies’ prospects than they were six months ago as rising costs significantly squeeze their profit margins, the latest CBI/RDA survey of Regional Economic Trends reveals. Despite increases in orders, output, employment and prices employers report their margins have fallen significantly in the year to September and expect them to […]

Newsletter

News and expert analysis straight to your inbox

Sign up