Buy-to-letNews

Magellan adds TBMC to packager panel

Specialist mortgage lender, Magellan Homeloans has added The Business Mortgage Company Services (TBMC) to its packager panel.

This expands the accessibility of its buy-to-let mortgage range to even more brokers nationally.

Nigel Robbins, regional sales manager at Magellan, 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 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.’’

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