Here’s a reminder of what we do…
With a manual underwriting approach without any credit scoring, Magellan’s Near Prime and 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 and Bankruptcy
- Borrowing beyond state retirement age
- Limited Company Directors using Drawings + Retained profit.
- Self-employed borrowers with only 1 years’ accounts
- Employed borrowers with only 3 months in current role
- Contractors on agency / zero-hours contracts
- Gifted deposits / equity from close-family / builders
- Debt consolidation for debt repayment and home improvement.
The product ranges offer:
- Up to 85% LTV
- Rates starting at 3.38%
- 2 and 3 years fixed rates
- Variable rates with No ERC’s
- Affordability based on reversionary rates.
To find out more about how you can place the next specialist or difficult case, contact your Regional Sales Manager here.
Alternatively, you can view our product guide here or speak to one of our friendly and knowledgeable team at the mortgage desk about any of our mortgage products and services on: 03303 355777.
