Magellan Homeloans offers adverse-credit mortgages to borrowers who have experienced a one-off life event which led to credit problems.
Reasons for this could include: an adverse credit history such as mortgage arrears, CCJs, bankruptcy, IVA, debt relief order, debt management plan, or defaults.
Neil Hoare, head of commercial relationships, (pictured) said: “We are always looking to work with lenders who have the right consumer outcome at the heart of their borrowing model. With Magellan we have seen their proposition develop over the past year both in terms of pricing and service to a point where they can really help a sector of the market that isn’t supported by the High Street.
“By appointing Magellan to our panel, our network members will now have access to a credit repair lender willing to look at customers who perhaps fell on hard times but have got their life back on track.”
Jon Sturgess, head of sales at Magellan Homeloans, said: “We’re delighted to be working with the team at Personal Touch to provide their members with an effective and competitively priced credit repair solution. We guarantee they’ll receive a fast and professional service and they can rest-assured that every case will be individually assessed by a skilled underwriter.”
