Self-employed borrowers

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At Magellan, we donít credit score. We believe that our manual underwriting guarantee offers borrowers a personal service that means we approach every borrower's circumstance with an open view.

Our product ranges offer your customers a variety of flexible solutions as we can consider:

  • Using the latest years share of net profit + remuneration + discretionary spend for Company Directorís and self-employed borrowers;

  • Accepting self-employed borrowers and contractors with at least 12 months trading history;

  • A flexible approach to lending beyond state retirement age;

  • Complex incomes including agency / zero hours, pensions, second jobs and investments;

  • First-time buyers with a family gifted deposit;

  • Borrowers with an impaired credit history.

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Alternatively you can speak to one of our friendly and knowledgeable team at the mortgage desk about any of our mortgage products and services on: 0207 197 9424.

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