TBMC joins Magellan’s packager panel

Published on

Magellan Homeloans has added TBMC to its packager panel.

The move expands the availability of the specialist lender’s buy-to-let mortgage range.

Nigel Robbins, regional sales manager at Magellan Homeloans, said: “TMBC is renowned for their expertise and years’ of experience in the buy-to-let sector and we’re delighted to welcome TMBC to our packager panel.

“Our joint expertise in this market means brokers have a wealth of know-how to draw on. Our buy-to-let mortgages are designed by landlords for landlords, using our knowledge to offer products that help them maximise profitability.”

Jane Simpson, managing director at TMBC, added: “Magellan is a fantastic addition to our packaged lender panel. It’s important we ensure our members have access to the most competitive, flexible and market leading products in this sector.

“We’re confident our members will welcome the innovative range. Not only will they be impressed with the option of a bespoke Interest Cover Ratio (ICR) calculator for individual applicants with multiple tax rates to maximise efficiency, but also their approach to limited companies and HMOs along with manual underwriting and no credit scoring this makes a great offering.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...

Mortgage product availability surpasses 25,000 for the first time

The number of mortgage products available in the UK has reached an all-time high,...

ASG Finance launches loan for HNW investors

ASG Finance has introduced its latest funding initiative: the ‘Base Rate Beater’ secured investment...

Other news

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...