"These cuts of up to 1.01% on our two-year fixes will be welcome news for both brokers and their clients."
Rate cuts of up to 1.01% have been made on mortgages up to 85% LTV. Magellan’s Complex Prime range offers a choice of two and three year fixed rates and Libor trackers, with rates now starting from 2.99%.
Jason Neale, Sales Director at Magellan Homeloans, said: “These cuts of up to 1.01% on our two-year fixes will be welcome news for both brokers and their clients. Our tracker rates have also been brought in-line with our fixed rates, giving borrowers a choice of either a fixed rate, or a variable rate deal with no early repayment charges.”
