View more on these topics

Leads firm overwhelmed says it does not have enough brokers to cater for the influx of mortgage leads that has followed January’s shock interest rate rise.

The lead distributor has seen a surge in the number of people seeking mortgage ad-vice since the base rate was upped by 25 basis points.

But it has had to turn down potential home buyers due to the lack of advisers available and is consequently urging advisers to grab the bull by the horns. It says now is the ideal time to cash in on mortgage leads.

Vanessa Blount, head of paaleads. com, says: “Some may say we are victims of our own success but I believe this situation highlights that lead generation is one of the most effective tools brokers can use in building up their businesses.

“This is the perfect opportunity for advisers to make a substantial difference to their business figures at the start of the year without having to spend the amount of money that is normally needed to secure extra leads.”

She adds: “Many consumers have been left in dire straits following the latest base rate rise and are crying out for mortgage advice.

“January and February are normally months where we see the highest level of leads available but the number of mortgage leads available at the moment far exceeds the expected increase. However, there is no compromise on quality.”

Simon Baker, operations manager at Leadbay, says: “We have also seen a surge in mortgage leads, as I expect will have been the case with all lead generators.

“But this has just driven down prices in our system and advisers have taken advantage of this.”


Support for anti-HIP campaign is growing

The campaign to scupper the nationwide introduction of Home Information Packs in June gained momentum last week when it became one of the most popular petitions to appear on Prime Minister Tony Blair’s website.

Rate hikes good for landlords, says Paragon

The recent interest rate hikes may discourage first-time buyers but will benefit buy-to-let landlords, says Paragon Mortgages.Its research reveals that rental yields achieved by residential investors have remained steady at 6% for the past eight months.The new year has started on a positive trend, and the buy-to-let market is set to remain strong as rising […]

House prices rise faster in Scotland

Bank of Scotland’s house price index for Q4 2006 reveals that the annual rate of house price inflation in Scotland is 12.5%. This is above the UK average house price inflation of 9.9%. The index also shows that prices in Scotland rose by 3% in Q4 2006, which is below the UK quarterly rise of […]

EPC can tackle climate change, says NHER

The National Home Energy Rating scheme says the Energy Performance Certificate is a good way to help tackle climate change and promote energy efficiency. Austin Baggett, head of the NHER scheme, says: The housing sector is responsible for nearly 30% of the UKs carbon dioxide emissions. “Energy performance certificates are a neat way to help […]

Health Shield logo - thumbnail

Health Shield launches new and improved health and wellbeing benefits

As part of its commitment to help even more companies improve employee wellness and productivity, award-winning health cash plan and wellbeing provider Health Shield has announced a raft of new and improved health benefits. From early diagnostics, detection and screening services to rehabilitation and the extension of home care support to parents, Health Shield’s range […]


News and expert analysis straight to your inbox

Sign up