View more on these topics

Magellan Homeloans cuts rates fees

Magellan Homeloans has announced a series of cuts to its product range and fees, the latter of which will run until the end of January.

The cuts apply across products in the lender’s Near Prime and Credit Repair ranges.

In the former, rates have been reduced by 0.40 per cent across all LTVs, with the latter seeing reductions ranging from 0.75 per cent to 2.50 per cent.

These reductions occur across two- and three-year fixed rates, including a fees free option which has no application or completion fees, free standard legal fees on remortgages and £450 cashback in mortgage purchase.

The firm is also implementing cuts to its standard admin and valuation fees by up to 50 per cent for applications received up until the end of January 2019.

Magellan managing director Simon Read says: “The success of our fees free offering demonstrates that borrowers do look at fees when making mortgage decisions, so it made sense to hold a ‘January Sale’ when money is always tighter than usual, but people are starting to make plans for the year, including moving home.”


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 […]

New Magellan tool for buy-to-let affordability

Magellan Homeloans has launched an online tool to help reduce the complexity for brokers in finding suitable products for buy-to-let clients. The tool enables brokers to input basic borrowing requirements and obtain an immediate snapshot of the maximum loan available across Magellan’s product range including two and five-year year fixed rates, a Libor tracker and […]


Complete FS strikes in-house deals with Magellan and Vida

Complete FS has announced that Magellan Homeloans and Vida Homeloans will be providing underwriters to the specialist packager’s south coast offices. The underwriters join similar staff from Kent Reliance, Foundation Home Loans, Landbay, and The Family Building Society. The intention is that introducers can access whole of market support and have deals underwritten in the […]

Guide cover

Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


News and expert analysis straight to your inbox

Sign up