Magellan Homeloans has extended its credit repair product range to include a choice of two and three-year fixed rates as well as a wider range of pricing options across its loan-to-value bands.

The enhanced credit repair product range, which is available immediately, features a choice of two and three-year fixed rates starting from 5.95% and fixed completion fees of £995 for loans up to 70% LTV and £1,495 for loans up to 75% LTV.

Simon Read, managing director of lending at Magellan Homeloans, said: “With fixed rates continuing to be borrowers’ preferred option, we’re delighted to be launching these new pricing options.

“I have no doubt these rates will be warmly welcomed by the many borrowers who prefer to know what their payments will be during the initial years of their loan, especially with interest rates being forecast to rise during the first half of next year.”