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Purchase Mortgage Leads

A purchase mortgage is a loan provided by a financial institution that is secured against a property and used to acquire a property.

Each lender has its own standard interest rate that varies on different mortgage products known as the standard variable rate (SVR).

Lenders will often offer an initial rate on a mortgage that consists of an interest rate over a set period of time. When the initial deal comes to an end, the borrower will revert to an alternative lender rate which is usually much higher than the initial deal. The borrower may then have the opportunity to switch mortgage products or remortgage.

The deals are available to first-time buyers and people moving house for time frames ranging from one to 25 years.

Characteristics of mortgages can vary considerably and depend on the size of the loan, maturity, method of payment and interest. The amount a borrower will receive ultimately depends on the lender as well as the credit history and financial standing of the individual looking to take out a mortgage loan.

FinanceLeadsOnline.co.uk receives high levels of purchase mortgage leads generated by parent company BeatThatQuote.com which are then available for brokers to purchase.

Brokers have two options to buy purchase mortgage leads - a fixed price or a bidding system. The fixed price system enables brokers to pre-determine the volume of purchase mortgage lead they require and the price they are willing to pay for those lead.

Alternatively, brokers can use a bidding system to specify the maximum they are willing to pay for a purchase mortgage lead according to the postcode area, providing the potential to pay less subject to other bids for the same leads.

FinanceLeadsOnline frequently releases data via its news pages informing brokers of which regions are generating high volumes of leads.

Leads for purchase mortgages are delivered in real-time and brokers receive lead exclusivity.