The Q4 2024 benchmarking report for UK mortgage brokers has just been published. Learn how the top 9 UK mortgage brokers perform across the digital space.
The latest Q4 2024 benchmarking report for UK mortgage brokers has just been published. It covers the largest 9 national mortgage brokers, including Meridian Mortgages, Molo, Just Mortgages, Mojo Mortgages, Mortgage Advice Bureau, London & Country Mortgages, John Charcol - Independent Mortgage Expertise, Habito, and Better.co.uk.
The research gives an inside track on who is winning the biggest share of voice online, and quantifies the gaps, risks and missed opportunities for other mortgage brokers to win brand exposure, drive site visits, and generate online enquiries. The report highlights quick wins that will improve enquiries from your online strategy and identifies the barriers that may be reducing your site’s ability to optimise digital performance.
To see a preview and contents page of the Q4 report, click here. To get a copy of the full report and the key takeaways, please complete the enquiry form or schedule a call.
For a glance into just 6 of the metrics we evaluated these top 9 mortgage brokers on, check out our quick-look table below;
Continue reading for further detail on this quarter's top and poorest-performing mortgage brokers, or request a copy of the report for the full review.
The 70+ pages of research benchmarks each site based on 50+ metrics and indicators of successful digital strategy, including organic visibility, domain authority, paid media ads, conversion performance, technical performance, site speed, universal search, content, social ads, accessibility, and mobile performance.
Some of the leading players in the space are high spenders on paid media channels such as Google, Bing & Facebook - but have a poor or sub-optimal conversion improvement strategy. Without an optimised, sophisticated conversion strategy that maximises the conversion rate, the return on investment is unsustainable or will underperform. Scaling spend on paid media is not achievable unless the conversion rate delivers optimal performance in the sector. Some in the space have paid media spend levels from 30k+ per month but dedicate minimal resources and budgets to conversion testing. Given the cost per clicks on ad networks will continue to rise, we recommend spending at least 10% of your paid media budget on ongoing conversion optimisation testing schedules to ensure your paid media ROI maintains long-term viability, competitive advantage, and sustainability.
Savvy digital marketers know that having a technically sound website is an essential component of a successful fully integrated digital strategy - plus a site capable of maximising conversion performance. Mortgage brokers have the benefit of not needing to maintain large sites with a high volume of product pages, so should find staying on top of their technical compliance easier than our clients in e-commerce sectors.
London & Country Mortgages reported 50 4xx errors — the highest of all UK mortgage brokers. To reduce these errors, it should regularly assess its linking structure to ensure it’s not directing consumers down a dead end, where they could become frustrated.
When 62% of consumers are less likely to convert if they have a negative mobile site experience, ensuring that your site is quick and easy to load makes a significant improvement on your overall conversion rates. As with ensuring key pages are not blocked by error codes, mortgage brokers will want to ensure their site is quick, and that customers have a great experience from every touchpoint, to instil trust in their service.
In our previous audit, Molo reported the lowest mobile site speed (30). This quarter, Molo has increased this slightly to 33 — any improvement should be congratulated. However, the mortgage broker to watch is now Habito, with a score of 31. All brands should aim for at least 50% for mobile site speed to minimise frustration for consumers and to increase the chances of them remaining on the website for longer.
Domain authority is an essential metric for measuring the effectiveness of SEO performance, and helps create a reliable overall gauge of how effective your site is at achieving organic traffic, i.e. ‘free’ traffic that isn’t gained through sponsored ads. Mortgage brokers can look to creating digital PR campaigns across the full spectrum of home ownership, to generate engaging press coverage that links back to their site and improves referral traffic, as well as domain authority.
A ‘good’ DA really comes down to how your competitors are performing, however it is generally considered average between 40 and 50, good between 50 and 60, and excellent above 60. The DA rating for this quarter ranged between 71 and 16, with Meridian Mortgages reporting the lowest DA score. This mortgage broker also received the fewest backlinks and from the fewest sources. Increasing its backlinks and quality of backlinks will help to improve its overall DA score.
A strong organic performance is strategically important as it ensures your site ranks above competitors for key, transactional keywords. When 93% of your customers won’t go past the first page of Google, your absence or lack of targeting for essential keywords will cost you conversions. With high house prices and worrying mortgage rates, mortgage brokers will need to ensure their organic strategy is considerate of changing consumer habits, in order to maintain traffic.
Two of the mortgage brokers received a decline in organic traffic on desktop, and 6 received a decline in organic traffic on mobile. All brands can make improvements to their traffic on mobile by ensuring that their website is mobile-friendly (a simple interface).
Google Universal Search Results is an evolving opportunity to make your pages visible on a SERP (Search Engine Results Page). Universal results often appear before traditional listings and are eye-catching for users. Universal search results refer to rankings on a SERP that are not the traditional ‘blue line’ Google link, and a site can appear for universal search results without being strong in standard rankings. 'Reviews' are a great Universal Search result to optimise for, as it will help mortgage brokers build trust with potential customers directly from the SERP.
Mojo Mortgages is now at the top of the leaderboard for the most Universal Search appearances (5,174), with the majority of these coming from ‘reviews’. Other mortgage brokers should reach out to past customers, encouraging them to leave an online review.
Longtail keywords are often considered high intent and potentially more likely to convert as a searcher is being more specific. Optimising for longtail keywords also puts your content strategy in a strong position to rank for brand new search terms as they enter Google’s index. For mortgage brokers, they'll want to identify not only high-traffic longtail keywords, but phrases showing high intent to enquire (potentially including specific details such as ages, occupations, salaries, and locations).
London & Country Mortgages received the most longtail keyword appearances for position 3 (809) and positions 4–10 (2,669). However, Meridian Mortgages received the fewest appearances and should assess its keyword strategy.
With the number of Facebook users in the United Kingdom (UK) hitting over 44 million users in 2023, it is not surprising that companies have jumped at the opportunity to advertise on the social media platform. Facebook’s UK digital advertising revenue has been estimated to have breached 2.6b GB pounds in 2019.
We’ve included examples of Mojo Mortgages’ sponsored posts. This mortgage broker should aim to create images that are visually striking and different from previous posts to prevent social media users from scrolling past.
When it comes to social media and on-site content strategies, it is important to release content that has a longer shelf life. An article is considered 'Evergreen' if it has maintained its relevancy to an audience for longer. It's great for your brand engagement, but great for Google too, who will recognise content which achieves traffic over a long period of time. Mortgage brokers can expand on their work with 'people also ask' and longtail keyword optimisation by identifying common questions users ask, and developing shareable content that will be widely engaged with.
London & Country Mortgages has the largest Facebook page (12,900 Likes), while Habito has the largest Instagram account (8,700 followers). It’s important that brands use a social media platform where their audience hangs out, and brands should assess this during the research stage.
20% of people in the UK have a disability – 2 million of which are people living with sight loss. In addition, 1 in 12 men and 1 in 200 women have some degree of colour vision deficiency. When websites are not designed to meet these needs, brands lose customer interest as they turn elsewhere. As housing is a universal need, mortgage brokers must ensure their websites are fully accessible for all potential customers
In our previous report, John Charcol - Independent Mortgage Expertise reported the highest accessibility alerts (142). This quarter, it’s increased this slightly to 156. All brands should aim to minimise their accessibility alerts to ensure they’re not impacting readability for those accessing their website using a screen reader.
To get a copy of the full report, please complete the enquiry form. If you want to talk to us about accelerating your digital performance, please call us on 01543 410014 or schedule a call with Mike Movassaghi.