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Magellan adds TBMC to packager panel

Magellan Homeloans has added the Business Mortgage Company Services Ltd to its packager panel in order to expand the accessibility of its buy-to-let mortgage range.

In September, the lender introduced new BTL products aimed at both individual landlords and limited companies.

Magellan regional sales manager Nigel Robbins says: “TMBC is renowned for their expertise and years’ of experience in the BTL 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.”

TMBC managing director Jane Simpson adds: “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 calculator for individual applicants with multiple tax rates to maximise efficiency, but also their approach to Ltd Companies and HMOs along with manual underwriting and no credit scoring this makes a great offering.’’

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