Magellan updates their LIBOR rate to 0.36%
Magellan’s innovative product ranges can accommodate borrowers:
- With a credit score decline who would benefit from a flexible underwriting approach, including self-employed borrowers with a 12 months trading record
- Proving they can manage their financial circumstances but have minor adverse marks on their credit file including arrears, CCJs and defaults
- Who suffered a life event that led to historic credit problems including arrears, CCJs and defaults, as well as IVAs registered and bankruptcies discharged more than 12 months ago
- Trying to resolve historic credit problems including those with a current or recently satisfied Debt Management Plan
- With a complex employment status including zero hours, agency and fixed-term contracts
- Benefiting from family provided undervalue sales and gifted deposits
The product ranges offer:
- Up to 85% LTV
- Rates starting at 3.08%
- 2 and 3 years fixed rates
- Variable rates with No ERC’s
- Affordability based on reversionary rates
Remember, Magellan Homeloans manually underwrites each application on its own merits and doesn’t use credit scoring.
Find your local Regional Sales Manager here – for new or existing business, make our network of experienced managers your first contact point.
Find a list of approved intermediaries here.
Alternatively, you can speak to one of our friendly and knowledgeable team at the mortgage desk about any of our mortgage products and services
on: 0207 197 9424.
