Magellan launches fee-free packager exclusives

Magellan Homeloans has launched a range of mortgage deals with no up-front fees which are available exclusively via accredited packagers.

Related topics:  Mortgages
Rozi Jones
3rd May 2017
shutterstock_128908430.jpg
"Many borrowers find paying up-front fees and charges a real problem and these special deals enable brokers to address that issue head on."

The deals are available across Magellan’s range of Complex Prime products and include a free valuation (up to £600), free legal fees on all remortgages, a £450 cashback on all purchases and the ability to add completion fees to the loan.

Jason Neale, Sales Director at Magellan Homeloans, said: "These deals enable packagers to offer brokers greater choice and flexibility when advising clients. Many borrowers find paying up-front fees and charges a real problem and these special deals enable brokers to address that issue head on.”

Gina Blagden, Head of Residential Mortgages at Brightstar, said: “Anything that helps to make applying for a mortgage more affordable for borrowers has to be welcomed. I think this initiative will be well received by brokers and their clients, who will appreciate the option to offset some of the up-front costs of taking out a mortgage.”

More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.