Magellan Homeloans has reached agreement to make its full range of products available to members of the PMS Mortgage Club.
Intermediaries will have access to Magellan’s complex prime and credit repair products designed for borrowers who are unable to obtain a mortgage from a high street lender.
Jason Neale, sales director at Magellan Homeloans, said: “Magellan’s proposition has been designed to address a sector of the mortgage market that has been ignored by mainstream lenders for far too long.
“We are looking forward to working with PMS and their intermediaries over the coming months.”
Jane Benjamin, lender relationship manager at PMS, added: “I have no doubt that brokers will welcome the addition of Magellan to our lender panel.
“Their specialist products provide an opportunity for intermediaries to develop a new income stream, by helping borrowers who have been disenfranchised by other lenders.”