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Magellan Homeloans launches a new suite of buy to let mortgages

Posted: 04/09/2018

Magellan Homeloans has launched a new range of buy to let mortgage products available to Ingard Network Members and Directly Authorised Mortgage Brokers through Ingard’s Specialist Team.

Magellan can offer BTL mortgages for:

  • Individuals
  • SPV/Limited Companies
  • Complex BTL for HMOs and MUBs

Product highlights include:

  • No minimum income for Professional Landlords
  • Director Loans considered for deposit
  • No Personal Guarantees for SPV Ltd Co. Directors below 65% LTV
  • First time landlords and buyers
  • No limit on portfolio sizes with other lenders (Max £2m with Magellan)
  • HMOs up to 6 bedrooms and 2 kitchens
  • Stat-supported (DWP), Housing Association and Corporate Tenants
  • Bespoke ICR calculator using each applicants tax rates
  • Studio flats and short-term lease flats
  • Guarantor option for inexperienced landlords to buy HMOs
  • SPV and Trading Limited companies up to 80% LTV
  • No credit scoring for added flexibility

Have a question?

Contact our Specialist Team on 01702 538 800 or request a call back.

Find out more Ingard’s panel of specialist lenders.