London &Country, the UK’s largest no-fee mortgage broker with offices in Bath and Newcastle-upon-Tyne confirmed the agreement added Magellan to its broadening mix of lenders.
“We are glad Magellan are there to be able to help a niche section of our customer-base,” said London & Country.
Jon Sturgess, head of sales at Magellan Homeloans, said: “We’re delighted to have been appointed by L&C as an approved specialist credit repair lender and are looking forward to working closely with their advisers and clients over the coming months.
“Our proposition is designed to help borrowers who can explain and document the reasons for their financial difficulties and can demonstrate they have not incurred any new adverse credit during the last 12 months. We don’t use credit scoring, preferring instead to assess applications based on their own merits.”
Magellan’s products are also available through networks including Sesame, Intrinsic, IN Partnership, Tenet, Pink Home Loans, First Complete, Homeloan Partnership, Mortgage Advice Bureau and The Whitechurch Network.