June 13, 2008, 6:00 am

Mortgages For Business Review

by: The Financial Blogger    Category: Reviews
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Mark from Mortgages For Business contacted me in order to get a full review. It seems that mortgage products websites are very popular if I look back at other reviews that I did. The funniest part is that there always something different about each of them. It shows that they spent the time to establish their market segment and try to different themselves from other mortgage brokers. So we are going a little bit deeper into this one.

What is Mortgages for business?

The interesting point with this mortgage website is that they are more concentrated on commercial lending. They offer a wide variety of financing product such as buy to let mortgages, commercial mortgages and development loans. What I really like about doing review is that I often learn something new in the finance world. In this case, it was the buy to let mortgage.

I searched around their website and they actually offer us a definition of this type of loan. In fact, a buy to let mortgage is a lending product especially done for an individual in the perspective of renting the purchased property. At the qualification stage, the financial institution or mortgage broker will therefore take into consideration the future rental income coming from this property. This is a mortgage service that has been developed in the United Kingdom. I don’t know if the States have such type of mortgage but we don’t have a specific mortgage for rental properties in Canada.

What makes you want to visit this site?

I really enjoy going to site that has more to offer than their product, especially in the finance and mortgage industry. It is interesting to go on a site and finding more than “get the best rate now” or “lower mortgage fees on the market” and “apply now!”. While they still have a business to run and therefore, offer their “great mortgage offers”, they also provide the client with a ton of information. For example, each type of mortgage has it’s chart where you can compare rates, charges and other characteristics in a same lending category. You can also find a news and survey section which are pretty helpful.

Are the resources really helpful?

I really liked the way it is done and the information I can find on Mortgages for Business. I think it is also a great idea to specialize their approach for business oriented customer. We all know that they are usually the type of client that brings the higher profit margin on the table. If you are looking for a mortgage in UK, this is a place to go!

Can improvements be done?

I am a strong believer that design is gold when you are trying to sell on the web. In fact, your web design is probably 50% of your sales pitch. The other 50% is the information found on the site. While the information seems relevant and is well disposed around the pages, I would be tempted to revamp the design a bit with more updated colors.

Another interesting point would be to decrease the amount of information found on one page. When you go deeper in the site, you have a complete menu to your left and another one at your right. It personally bugged my eye while I was surfing around.

Finally, my last point would be to provide example where a specific mortgage is better than another. For example, you could say that a personal mortgage with a fixed rate is better for people with a tight budget than a variable rate. This would help their customer choosing the right mortgage product according to their needs.

Disclaimer: This was an honest but paid review. We did it because we think it is a great financial resource on the Web and our opinion has not been biased. We are now offering to review your website for a highly competitive price. If you wish The Financial Blogger to review your website, please feel free to contact us at thefinancialblogger (at) gmail (dot) com or visit our advertise section.

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