In summary, there are still some areas that you can still assist your clients with during the current COVID-19 market conditions. They include: Rate switches, no valuation required Lower LTVs for remortgages and purchases – where the lender can use an AVM Business loans, to help those who do not qualify for the Government-backed loans […]
COVID-19 Support for your clients Read More »
AVM stands for Automatic Valuation Model and is also sometimes referred to as a Desktop Valuation. AVM’s are computer-driven mathematical formulas that use basic property characteristics, local market information, and price trends to arrive at the estimated value or value range of a property and also if applicable, its potential rental income. Lenders will consider
When your client reaches the end of the term for their mortgage rate, they will be looking to you to provide guidance on whether it is financially better for them to re-mortgage to a new lender or stay with the existing lender and just switch rate. It is important to note, that you are providing
Rate Switches V Re-Mortgages Read More »
Keeping in contact with a client should be an important part of your client retention strategy. The FCA outlined that during their research, a large percentage of clients could not remember who arranged their original mortgage for them just 2 years later when their deal came to an end.* Lloyds Bank Group has confirmed that
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Accord Mortgages have written a range of articles to help mortgage brokers with client satisfaction and retention. You can read some of the related postings here, but you may also like to read further articles and register with them on their website to receive future publications on a range of topics delivered directly to your
ACCORD Growth Series – Client Retention Read More »
New leads from your existing clients It’s a competitive world out there so it’s important to keep front of mind with your existing customers. In the desire to build your business and generate new leads, it’s all too easy to forget the most obvious source – your existing clients. You’ve, no doubt, done a fantastic
Obtaining Personal Recommendations Read More »
How to win-back customers and keep them for good Not every business is perfect at keeping their customers, which is why they invest in win-back strategies and initiatives to keep them coming back again and again. Customers come first Brokers are building trust and spending time on developing valued relationships before they even get to
Customer Retention Read More »
