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TODAY'S OTHER NEWS

Magellan to distribute its products via Black Book Finance

Specialist mortgage lender Magellan Homeloans has announced that it will distribute its product range via Black Book Finance.

Launched last November, Black Book assists brokers with mortgage and seconds, commercial and development and asset and invoice finance.

It also provides specialist wrap services for new and existing landlords.

Black Book will now offer a packaging service for Magellan's full range of complex prime and credit repair products. The lender's range has been designed to cater for borrowers who are unable to obtain a mortgage from a high street lender, including the self-employed and those with complex incomes.

"Black Book Finance offers a concierge style solution for intermediaries and we’re delighted to have forged this link with them,” says Jason Neale, sales director at Magellan.

“We’re looking forward to working with them and their brokers over the coming months.”

Michael Clapper, founder and executive chairman of Black Book Finance, adds: “Product diversification is now more essential than ever. When it comes to specialist mortgages, Magellan is a crucial addition to our packaged lender panel.”

“They are keen to lend and offer a competitive and sensible approach to cases that might otherwise have been declined just because ‘the computer says no’.”

“All of us at Black Book are looking forward to working closely with the team at Magellan.”

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