The Professional Adviser Alliance (PAA), an informal network of intermediaries providing independent mortgage advice from leads generated through moneysupermarket.com, is to double its intermediaries membership to 600.
This is due to an increase in the volume of leads since the Alliance launched in May this year. The PAA receives about 270 leads per day. Recent research with its intermediary members revealed 31% of leads result in an immediate sale and a further 21% generating a sale in the following three months. The PAA claims to be on target to generate 1000 leads a day by December.
Stuart Glendinning, director at the PAA, said: ‘Mortgage advisers in the scheme can cap the volume of leads they wish to receive or suspend leads if they are ill or on holiday. As a result, there is scope for the PAA to recruit additional intermediaries within territories local to their businesses.’