finance / first time buyers leads

[smingle]

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Hi,

One of the sites I run is a mortgage site and I get 1-2 leads per day who are looking for a first time mortgage / first time home buyer mortgage.

Can anyone suggest where to send these leads ? as I know the majority of the companies on most networks want leads of people looking bad credit loans / secured loans.

Any ideas as it seems a massive waste at the moment because I am literally getting 50 leads a month rejected (worth £1000's) because they are first time buyers who possibly have bad credit also.

Thanks

[Michael_Anthony]

Leadbay will take them, but the payouts for this type of lead are pretty miserly (mainly because FTB leads very rarely convert) and they have a patchy validation record (cue post to the contrary from Simon Baker of Leadbay ).

I also think you're more likely to be looking at hundreds rather than thousands.

[simonb]

Smingle - i relied in another post of yours but basically ..

The reason first time buyers are worth less is two fold -

Firstly the likelyhood of converting such a lead is much lower than converting for example a remortgage. Secondly the length of time it takes for such a deal to payout to the broker is often several months (could be 6 or more).

We do have a programme that will accept this type of mortgage enquiry ...

I'm bored of talking about validation now so will spare you that