Leadbay online bidding system reports ‘unprecedented volumes’
Lead volumes rose day by day throughout November 2005 and whilst December was a slower month, enquires in 2006 have increased by 70% and show little signs of relenting.
The effect of this on prices, and the advantage to the broker community, is that prices across the board are approximately 50% of their normal value so this represents a unique opportunity for brokers to fill up their diaries and write volumes of quality business.
The fact that prices are currently so low could mean that the acquisition cost for most types of mortgage leads is much lower than, for example, brokers own web sites, direct marketing campaigns or fixed price lead generators.
Leadbay has reported most new registrations are from brokers recommending Leadbay to colleagues