Mortgage Leads Wanted

**JayFCF** · 04-07-07

Firstchoice Finance is directly authorised by the FSA. As Firstchoice Finance is a broker as well as a packager we have our own team of fully qualified CeMap underwriters who specialise in the sub-prime, non-conforming markets.

If you were to pass us a non-status mortgage lead (name and number only) your client would be:

Rung by one of our underwriters,
Seen by one of our mortgage advisors,
Processed fully by our admin team.

We charge our clients a 3% fee on completed cases. Minimum of £1500 up to a maximum of £3950, you receive HALF of that fee.

We also receive a procuration fee from the lender. You receive HALF of this fee as well.

Commissions are paid out the day the case completes and reports can be sent to you daily, weekly or monthly. We do not believe in cross-selling so your client stays yours!!

Also please look at our newsletter at www.firstchoice-finance.co.uk/fcfnewsletter.pdf

If you have any queries please email me at james.upjohn@firstchoice-finance.co.uk

**Michael_Anthony** · 04-07-07

You need to pay per lead, not per completion. No finance affiliate with any decent level of traffic falls for that rubbish any more.

**bioalien** · 04-07-07

James, if you change your mind to PPL please contact me. I'm happy to start sending our remortgage leads your way but not on a PPS basis.

**JayFCF** · 05-07-07

Originally Posted by Michael_Anthony

You need to pay per lead, not per completion. No finance affiliate with any decent level of traffic falls for that rubbish any more.

What do you mean "that rubbish"? I'm pretty new to this site and obviously dont wanna make enemies.

I know one of the firms that Introduce Leads to me has passed me 8 mortgage leads three weeks ago. One is completing in 2 days time (We'll write him a check for £2890) and the other has booked and is now at valuation!! Ok so 6 weren't great but is that not still good??

On the other hand I have another guy that has passed me 9 leads that haven't gone anywhere but he told me that would happen anyway. His attitude is that the leads are dead to him so if I can convert, even one, its a bonus to him!

Please write back I would like to whether or not this is worth my while

**Basko** · 05-07-07

There are many offers like yours - question is - what's your conversion rate? what kind of leads do you convert best? what's average completion time? What info do you need besides contact information?
Thanks

**JayFCF** · 05-07-07

In such a varied market its quite difficult to give an average completion time as there are many factors to contend with. If I had to though I'd say 3-4 weeks

The leads we convert best are sub prime remortgage leads. The conversion rates depend mainly on the quality of the leads we're passed.

If someone is geniunely looking for a mortgage/remortgage/secured loan/commercial loan we'll try our absolute best to convert that into an actual sale. GUARANTEED.

**simonb** · 06-07-07

Jay,

I suggest you follow the lead of other sub prime brokers and purchase your leads from Leadbay. Details at www.leadbay.co.uk You can pick up adverse remortgages at around £180 a lead and if you are converting at the rates you say you do then you should be very profitable. And no risk to the affiliate.

**speedtouch** · 05-09-07

I thought it is against fsa regulation to pay introducers from lender commission unless they are vetted for fit and proper standards. which is why the PPL model is used.

**JayFCF** · 05-09-07

First Choice Finance has a Business Registered Introducer Agreement which is signed by anyone who is passing business to us which is fully FSA compliant.

The FSA states that unless you have permissions to "actively bring about mortgage business" you should not in any way advise or advertise".

If your "loan" website happens to receive a few remortgage / mortgage leads, there is no reason that you couldnt pass them on, so long as you have perimssion to do so as well as data protection.

**speedtouch** · 05-09-07

Nice to meet a fellow by the book financial services company. its annoying how others cut corners and reap the benefits.

**JayFCF** · 05-09-07

We have a reputation to uphold. As well as a broker we are an approved packager on various fsa networks panels including SESAME, MINT FINANCIAL SERVICES and ASHLEY LAW.

The directors of Firstchoice Finance have been in the industry since 1989 and were formerly chairpersons of the CFB (Corporation of Finance Brokers)

As a whole we strive to provide decent, honest mortgages to customers and our main focus is on TCF (treating customers fairly)

**speedtouch** · 05-09-07

I am surprised your not inundated with leads from all those. Anyway sounds great, best of luck. We are looking for introducers for most types of financial business.