Magellan Homeloan Mortgages
Magellan Homeloans offers new mortgage loans to customers that have experienced a one-off life event such as serious illness or redundancy that led to an adverse credit history.
As long as you can demonstrate that you have overcome this adverse credit history and are able to afford your mortgage repayments, Magellan Homeloans will consider your mortgage application. You can compare the mortgages offered by Magellan Homeloans with over 5,000 of the latest mortgage deals using our FREE comparison service.
Latest Mortgage deals from Magellan Homeloans
Magellan Homeloans offers borrowers a choice of products, each aimed at people with different levels of bad credit. Magellan Homeloans offers a range of mortgage deals to suit borrowers with adverse credit, with a range of benefits which include taking into consideration the individual circumstances of mortgage customers, to help them into long-term financial stability. The product range includes the following features:
- The maximum loan to value (LTV) available is 75%.
- Available for purchase or remortgage up to a maximum of £400,000
- Available to employed, self-employed and first-time buyers in England and Wales, who are aged 25 or over
- All mortgage applications are manually underwritten, with no credit scoring
- No early repayment charges
About Magellan Homeloans
Magellan Homeloans is a trading name of Mars Capital Finance Limited, which was founded in 2008 as a specialist mortgage lender. A range of mortgage services are offered via professional brokers, so you will need to get in touch with an intermediary in order to apply for a Magellan Homeloan. To compare Magellan Homeloans mortgage deals with other leading mortgage rates and find the best deals for you, use the mortgage calculator to search over 5,000 mortgage offers based on your personal circumstances.
Call 0117 313 7780 for our mortgage broker team.