Magellan Homeloans
Specialist LenderMagellan Homeloans is a niche specialist lender focused exclusively on serving foreign nationals and British expats seeking UK property mortgages. They understand the unique challenges of cross-border lending and offer tailored products that mainstream lenders cannot provide.
Visit WebsiteMagellan Homeloans
Lending Focus
Magellan Homeloans offers mortgage products across 3 categories including Residential, Expat, Foreign National.
Key Features
- Specialist foreign national mortgage products
- British expat lending for UK property purchases
- Multi-currency income assessment capabilities
- Understanding of international tax and regulatory requirements
- Tailored solutions for cross-border lending complexities
Pros & Cons
Pros
- One of very few UK lenders serving foreign nationals and expats
- Multi-currency income assessment capabilities
- Deep understanding of international tax and regulatory issues
- Tailored solutions for complex cross-border situations
Cons
- –Broker-only — cannot apply direct
- –Maximum 75% LTV is lower than mainstream lenders
- –Higher rates and fees due to niche, complex lending
Fees & Charges
Arrangement Fee
Typically 1–1.5% of loan amount
Valuation Fee
Based on property value — usually £300–£1,500
Early Repayment Charge
Typically 3–5% during fixed-rate period
Overpayment Allowance
Varies by product — check individual terms
Mortgage Rates
Rate data coming soon
We're working on adding live mortgage rate information for Magellan Homeloans. In the meantime, visit their website for the latest rates.
View rates on Magellan HomeloansApplication Process
Processing Time
4–8 weeks due to international documentation
Online DIP
No — via broker or branch
Offer Valid For
3 months
Lending Criteria
Maximum LTV
75%
Frequently Asked Questions
Can a foreign national get a UK mortgage through Magellan?
Does Magellan Homeloans lend to British expats?
What is the maximum LTV at Magellan Homeloans?
How to Apply
Broker Only
Magellan Homeloans products are only available through mortgage brokers. Use our broker directory to find a broker with Magellan Homeloans on their lender panel.
Contact Information
Need a Magellan Homeloans Broker?
Find FCA-regulated mortgage brokers who have Magellan Homeloans on their lender panel.
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice. Always verify lender details directly and seek independent advice before making financial decisions.