Paaleads.com filters out 96% LTV cases

Paaleads.com has introduced a temporary LTV filter of 96% and above to help brokers.

The lead generation website says the measure is a response to market conditions and the difficulty in placing high LTV loans.

Simon Williams, head of business development at Paaleads.com, says: “It’s excellent news for our brokers as it will give them a much better chance of placing business in a challenging and rapidly changing market.

“It’s important for us to understand our brokers’ needs and ensure when an adviser buys a lead they stand the best possible chance of placing the mortgage for their client.”

He adds: “Together with our recent announcement of splitting Moneysupermarket.com leads into purchase and remortgage and now lowering the LTV, we have once again demonstrated our commitment to deliver high quality, workable leads to our members.”

The new limit of 96% LTV applies across all Moneysupermarket.com mortgage types.

Paaleads.com says it is a temporary measure likely to remain in place until market conditions ease.