Having recently joined the panel, Magellan Homeloans and their team of Regional Sales Managers are keen to help you take advantage of the growing opportunities available in the specialist mortgage market.
Offering a new approach, Magellan Homeloans offers solutions for your clients who are finding it difficult to access mortgage finance because of their personal circumstances, employment status or past credit history.
With a manual underwriting approach without any credit scoring, the Magellan Homeloans’ Near Prime and unique Credit Repair product ranges offer you a variety of solutions for complex client circumstances including:
- Cases declined by automated credit scoring systems
- Historic adverse credit including Defaults, CCJs, Arrears, IVAs, DMPs & Bankruptcy
- Self-employed borrowers with only 1 years’ accounts
- Limited Company Directors using Drawings + share of profit.
- Contractors on agency/zero-hours contracts
- Gifted deposits/equity from close-family/builders
- Debt consolidation for debt repayment & home improvements
The product ranges offer:
- Up to 85% LTV
- Rates starting at 3.41%
- 2 & 3 years fixed rates
- Variable rates with No ERC’s
To find out more about how you can grow your business and take advantage of the fast growing specialist mortgage market visit www.magellanhomeloans.co.uk and a Regional Manager will be happy to contact you.
