Magellan Homeloans has been appointed by London and Country to provide mortgages for clients who have historical adverse credit records and are therefore unable to access mainstream products.
London & Country’s mortgage advice is provided via a team of fully qualified advisers from offices based in Bath and Newcastle-upon-Tyne.
Jon Sturgess (pictired), 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.
“This new relationship with L&C, which is an important development for Magellan Homeloans, has been negotiated by our new Regional Sales Manager Phil Hearn, who has been able to make an immediate impact in his new role.
“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 via a panel of leading mortgage networks including Sesame, Intrinsic, IN Partnership, Tenet, Pink Home Loans, First Complete, Homeloan Partnership, Mortgage Advice Bureau and The Whitechurch Network.