At Magellan, we understand that life is complicated. It's natural to try and simplify borrower circumstances, to tidy everything up with restrictive credit scoring – but reality just doesn't work like that. There's more to every situation than ticks in boxes and that's why we ensure 100% manual underwriting on every single case. No credit scoring in sight.
Magellan Homeloans offers mortgage intermediaries product solutions for your clients who are finding it difficult to access mortgage finance because of their personal circumstances, employment status or past credit history.
The Near Prime range offers an edge in terms of competitive pricing that also benefits from our manual underwriting approach and flexible borrowing criteria, whilst the Credit Repair range has fixed rate products and greater pricing differentiation for borrowers.
For professional mortgage intermediaries only.
For new or existing borrowers.