Paaleads ditches high LTV leads

Problems in the mortgage market, brought on by the credit crunch, mean lenders are no longer offering high-LTV loans, though they are still heavily in demand. Simon Williams, head of business development at paaleads.com, says: “Introducing a temporary LTV filter of 96% and above is a direct response to the current market conditions and the difficultly in placing loans with a high LTV.” The decision to filter out 96% and above LTV leads is a clear indication of the major changes in the mortgage market since last year, when many lenders were keen to offer as much as 125% LTV. Williams says...