Rating based on 4 reviews

Magellan Homeloans

Updated

  • Repayment up to 360 months

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Magellan Homeloans homepage

Author Magellan Homeloans. Screenshot of Magellan Homeloans website. [Accessed December 18, 2018]

About Magellan Homeloans

Magellan Homeloans was founded in 2008 as a specialist mortgage lending company.

Flexible mortgage loans that are designed to assist individuals from varied credit histories and circumstances, is what we offer with the highest level of professionalism and expertise. We have earned a name as a reputable home loan provider in the UK.

The mission of our business is very clear and simple

We strive to provide affordable mortgage finance that enables borrowers to establish financial steadiness through a best in class tailored service, mortgage intermediary market. If you have complex borrowing requirements that require a personal flexible approach to home loans, we are the lender you have been looking for.

Mortgage intermediaries

 We do not deal directly with the general public and you are therefore required to apply for our home loan products and services through an authorised, financial advisor.

More than just traditional credit scoring

At Magellan, we believe that restrictive credit scoring is not the most viable method to process home loans as each financial situation is different and requires a different approach. It is the very reason that we conduct manual underwriting on every single case. No credit scoring in sight. If you have not been able to obtain credit from a traditional lender, credit union or high street bank, we will be happy to assist you get the home loan you need to make your dreams a reality.

Magellan Homeloans Services

Clients who are finding it difficult to access mortgage finance because of their personal circumstances, employment status or past credit history will be glad to know that we offer mortgage intermediaries product solutions for these specific situations.

Our home loans can be used for the purchase or remortgage of a property in England and Wales used as your main residence.

Wide range of services available

  • Making monthly mortgage payments
  • Resolving payment issues
  • Providing annual mortgage and redemption statements
  • Issues relating to selling the property and letting
  • Deeds of postponement
  • Changes to the mortgage contract

Different product ranges

Our Complex Prime range products offers competitive pricing with flexible borrowing criteria and the Credit Repair range has fixed rate products and greater pricing options for borrowers.

Contact your financial advisor

If you wish to apply for a mortgage loan, please contact your financial advisor or mortgage broker.

Magellan Homeloans Product Details

  • Loan Type Property Finance
  • Repayment 360 months

Benefits of Magellan Homeloans

  • Home Loans

Magellan Homeloans

We have our own mortgage experts and technology to provide customers with a high quality and reliable service.

And to apply you simply need to talk to your authorised, financial advisor. If you do not have a financial advisor, you are able to get in touch with one via our website.

Our mortgage loans

  • The maximum mortgage term offered by Magellan Homeloans is 35 years, subject to terms and conditions
  • Fixed, variable and tracking rate on home loans available
  • Flexible repayment terms
  • Mortgage loans for people with a less than perfect credit score or history
  • Competitive rates and fees
  • Professional, friendly customer service

Online mortgage portal

Magellan Homeloans are proud of the new online mortgage portal that is designed to make your online loan application, tracking and uploading of supporting documents easier. Visit our website to see how we can help you.

Credit repair lender

As you know by now, we are here to help individuals from all types of financial backgrounds and situations. However, we are the only credit repair lender that will consider applications from borrowers, provided that they,

  • can evidence a satisfactory ‘adverse credit explanation’
  • have not incurred any adverse credit during the last 12 months
  • can afford the loan for which they are applying

Own your dream home today

There is no reason why you should not be able to apply for a home loan and own the home of your dreams. If you are looking for an alternative lender that offers you the very best service, products and support, look no further than Magellan Homeloans.

Customer Reviews & Testimonials

Good choice if you are looking to finance a property.

Jazzy M
— Leatherhead —

They seem to go out of their way to understand your needs and help finance a loan to meet those needs.

Libbie B
— Fetcham —

Magellan Homeloans Contact Details

Physical Address

  • Ashcombe House, 5 The Crescent Leatherhead England KT22 8DY United Kingdom
  • Get Directions

Opening Hours

  • Monday 09:00 – 17:30
  • Tuesday 09:00 – 17:30
  • Wednesday 09:00 – 17:30
  • Thursday 09:00 – 17:30
  • Friday 09:00 – 17:30
  • Saturday – Closed
  • Sunday – Closed