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“eBay style” mortgage lead auction site launched

A new “eBay style” website has launched offering mortgage leads to IFAs and brokers.

The website, Lead Magpie, allows intermediaries to bid for mortgage leads. The lead is then sent via email or text message to the winning bidder.

Software company Nebius owns the website. Nebius director Stuart Cam says: “We’ve collaborated with IFAs to understand what they expected from a lead supplier and what was not working with existing solutions. It emerged that there was a need for high-quality, real-time, fairly priced UK mortgage leads. We believe Lead Magpie fills this gap.”

Fellow Nebius director Valere Speranza says: “We give brokers total control in the selection of leads they wish to bid on, allowing to bid for example only on low LTV, professional mortgages within three miles of the BS8 postcode area.”

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