Magellan Homeloans launches a new suite of buy to let mortgages
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.