Magellan Homeloans and Julian Harris launch a Fee Assisted Packager exclusive product range

31 May 2017

The deals are available across Magellan's range of Complex Prime products and include a free valuation (up to £600), free legal fees on all re-mortgages, a £450 cashback on all purchases and the ability to add completion fees to the loan.

The Complex 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 benefits from fixed rate products and greater pricing differentiation for borrowers.

As a reminder, Magellan’s innovative product ranges can accommodate borrowers:

With a credit score decline who would benefit from a flexible underwriting approach, including self-employed borrowers with a 12 months trading record
Proving they can manage their financial circumstances but have minor adverse marks on their credit file including arrears, CCJs and defaults
With a complex employment status including zero hours, agency and fixed-term contracts
Benefiting from family provided undervalue sales and gifted deposits
Who suffered a life event that led to historic credit problems including arrears, CCJs and defaults, as well as IVAs registered and bankruptcies discharged more than 12 months ago
Trying to resolve historic credit problems including those with a current or recently satisfied Debt Management Plan

The product ranges offer:

Up to 85% LTV
Rates starting at 2.99%
2 and 3 years fixed rates
Variable rates with No ERC's
Affordability based on reversionary rates

Remember, Magellan Homeloans manually underwrites each application on its own merits and doesn't use credit scoring.

For further information please contact Derrick Hyman on 07795 810195 or email packaging@julianharris.net

Derrick Hyman
Head of Specialist Distribution

Julian Harris Financial Consultants
Julian Harris Mortgages Ltd

derrick.hyman@julianharris.net
07795 810195