A company that specializes in selling remortgage leads to bankers and brokers is reporting that they have seen a tremendous boost of those seeking a new remortgage deal. According to this company, the numbers are up by nearly 53% which represents quite a jump. Even though there are definitely more people seeking a remortgage, the issue remains as to whether banks are going to give them a fair shot. Many banks have stopped offering a remortgage loan entirely, while others have made it increasingly difficult to get approved.Nick Chapman of LeadpointUK stated, “In the current climate, businesses are looking to spend their marketing budgets more efficiently. As lenders approve fewer and fewer mortgage applications, brokers need to scrutinise their businesses to make sure every penny they spend on sourcing new business can be tracked and measured. Unlike traditional forms of marketing, lead generation gives you access to your target market at the press of a button.”The reluctance of banks may change as the Bank of England helps them carry the load of their bad loans and there is an increasing push from the government that may force banks to offer a remortgage, whether they want to or not.
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