Magellan Homeloans Limited was a UK-based mortgage lender that specialised in providing residential mortgages to individuals who were often underserved by mainstream banks and building societies. The company focused on borrowers with complex income structures or impaired credit records, employing a manual underwriting process to assess each case individually. Founded in 2013, it aimed to offer a second chance to those who had experienced financial difficulties. In October 2019, Magellan Homeloans announced its withdrawal from the UK mortgage market and ceased accepting new applications to focus on servicing its existing book of mortgage customers.

Founded in

United Kingdom