Magellan Homeloans is to distribute its product range via the mortgage network, Mortgage Support Network (MSN).
Brokers submitting applications via Mortgage Support Network will be able to offer their clients Magellan’s complex prime and credit repair products, which have been designed specifically for borrowers who are unable to obtain a mortgage from a high street lender, including those who are self-employed and who have complex incomes.
Jason Neale, sales director at Magellan Homeloans, said: “We are delighted to join the panel of Mortgage Support Network, who are a long established and respected mortgage network.
“I’m confident our flexible approach to underwriting, without any credit scoring, coupled with our unique product range will help MSN advisers place more business.”
Shaun Almond, director of Mortgage Support Network, added: “We are seeing an increasing level of specialist mortgage enquires so it’s important we ensure our members have access to the most competitive and flexible products in this sector.
“Magellan’s comprehensive range of specialist mortgages will make them a very welcome addition to our panel.”