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Lender says...

Mark Ryan, head of development for Sevenoaks-based intermediary Mortgages for Business, said: "Bluesky was initially created as a tool for Mortgages for Business' internal consultants but its initial success was such that it has since been developed into a sourcing tool that is also supplied to Mortgages for Business' external advisers.

"This tool has a number of advantageous attributes that cannot be found on other sourcing tools in the market. Among other things Bluesky provides live data 24-hours a day. This feature could not be more valuable in the current market climate as products are being withdrawn and replaced continuously.

"Additionally while the data in Bluesky is live, so are the software updates. Furthermore, because this sourcing tool has been designed internally, we have the capacity to consult with our advisers as to how we can improve the tool. Amendments can be made on request and with little notice."

We say...

Plus points... The system is innovative. It is continuously being updated. On top of this the service is free to advisers that are partners of Mortgages for Business.

Could do better... Bluesky is a bit too exclusive and could be offered as a service to all advisers, perhaps for a fee.

Adviser says...

Kevin MacAdam, adviser for East Yorkshire-based IFA Kevin MacAdam, said: "Bluesky is a superb sourcing tool that is far superior to any other in the market. It is extremely easy for me to use as it allows you to input far greater detail than other sourcing systems therefore filtering out products that are not suitable.

"You are also able to source products on which lenders would provide the highest loan figure based on a rental figure, which is very useful. I can also arrange the on-screen view so that I can see exactly what I am doing.

"I find that one of the best things about this sourcing tool is that you can create reports at the touch of a button. I would recommend this tool to all buy-to-let advisers, it cannot be beaten on efficiency or quality of information.

"As it is free only to advisers transacting through Mortgages for Business I have a huge competitive advantage over the majority of other intermediaries in this increasingly difficult market."

Rating: 4/5 stars