If you are in the business of selling mortgages, then in a little while I may have a solution for you to help you gain more mortgage leads, through this very difficult financial time we are all experiencing at the moment.

The project is called Mortgagebam and has been developed as a consumer friendly solution to finding mortgage brokers within their local area. As you know so many consumers just pick the first mortgage broker out of the yellow pages, or just go down to their local building society, but hopefully Mortgagebam will be able to give a selection of Mortgage Brokers who will contact them to establish who is right to help them with their home buying decisions.

There are many other online mortgage lead systems out there, but they all help the mortgage broker specifically not the consumer, so the uptake is not likely to be high. In better words the lead just goes to the highest bidder, who may not be the right person for the job and other Mortgage Brokers do not get a look in, unless they pay big for it.
Mortgagebam is not designed that way, it hopes it will benefit both, by selling leads all at the same price and presenting them to several mortgage advisers, giving the consumer real choice. Each lead payment is then divided by the amount of mortgage brokers it went to, so reducing the cost of the lead.

I am excited about this, but the search engine optimisation of the project will take some time as Mortgages is a very difficult search term to rank for. It will take another 6 months or so, especially as there are other projects on the go, which I will talk about in future blogs.

If you are a mortgage broker and not charge for your service (only take payment in commission), why not give me an email, and I will let you have few leads free for you time.