Magellan specialises in loans for borrowers who struggle to obtain a high street mortgage, such as the credit impaired and self-employed.
Specialist lender Magellan Homeloans has partnered with Connect for Intermediaries, joining the panel of Connect’s packager arm and network.
Magellan specialises in loans for borrowers who struggle to obtain a high street mortgage, such as the credit impaired and self-employed.
Liz Syms (pictured), chief executive of Connect for Intermediaries, said: “We are very focused on ensuring that both our network and our packager have some of the best products and the very best rates available.
“We have done this by bringing in a range of lenders and solutions that it is hard for brokers to access elsewhere.
“There is a huge proportion of the population that is underserved by the mainstream mortgage market and Magellan helps to fill this gap, catering for a lot of borrowers that many other lenders just won’t lend to.
“Having Magellan on both our network and packaging panels means that we can offer brokers some of the best rates and solutions for those clients that have typically been too hard to place.”
Residential lender Secure Trust Bank joined Connect for Intermediaries’ panel last week.
Jason Neale, sales director at Magellan, said. “Connect is rapidly taking up position as a leading packager as well as the leading specialist network.
“Connect is becoming renowned for helping brokers to find solutions for clients that other people won’t countenance.
“It is this helpful, ‘can do’ attitude that mirrors our own which is why we were so keen to form a partnership and work together.”
