This new partnership will enable directly authorised members of Next Intelligence to access Magellan’s full range of specialist mortgage products.
Jason Neale, sales director at Magellan Homeloans, said: “We are delighted to be teaming up with Next Intelligence in order to bring our unique range of specialist lending products, starting with rates from 3.21%, to their directly authorised (DA) members.
“Our business development team are really looking forward to working with the Next Intelligence team and DA firms, to help increase their incremental income by demonstrating how to turn their declines into completions, as well as helping members take advantage of the huge opportunities available in the specialist lending sector.”
Sally Laker, managing director of Next Intelligence, said: “Since launching Magellan Homeloans to our appointed representatives last year, advisers have increasingly looked to their specialist mortgage products to help clients that have been unable to secure mortgage finance elsewhere.
“For this reason we are delighted to be the first mortgage club to be extending Magellan’s lending proposition to the directly authorised market.”