As you may have become aware in recent media announcements, Mars Capital UK & Ireland of which Magellan Homeloans operates as a trading style was recently acquired by the company Arrow Global plc.

As a consequence, from 1st November Magellan Homeloans will operate under a new FCA regulated entity Magellan Homeloans Ltd, FCA Register number 774311.

How will this affect me, my members and our clients?

As with any change we’re sensitive to the fact that you will have concerns over the impact on your current and future business relationship with Magellan Homeloans, in particular the effect on pipeline applications and existing Magellan Homeloans borrowers.

The team here at Magellan remains unchanged and we’ve worked hard to ensure there is minimal disruption to you, your members or your clients during the transition. All pipeline applications and offers will continue to be managed as normal through to completion with the most obvious change being to the FCA status disclosures on our website, emails and literature.

To assist you with any queries you or your members may have we have provided a FAQ helpsheet. As always your Regional Sales Manager will be on hand to answer any additional queries you may have. Alternatively should you wish to contact us directly please email compliance@magellanhomeloans.co.uk who will be to happy to help.

Thank you for your continued support.

Simon Read, Managing Director