Sesame Bankhall Specialist Lending Services (SBSLS) has announced the addition of a new lender, Magellan Homeloans, to its lender panel.

The recently-launched Magellan Homeloans offers products designed to help clients with past credit issues which were the result of a one-off life event.

Its products are priced at Libor + 8%.

John Cupis, managing director, mortgages at Sesame Bankhall Group, said: “Over the last few years we have seen new lenders enter the market with mortgage products for clients with past credit issues. The addition of Magellan Homeloans to the SBSLS panel will give Sesame members further choice for clients who have experienced past issues.

“This demonstrates how SBSLS is continually updating its panel of specialist lenders in order to help advisers place a wide variety of mortgage cases to suit clients’ needs.”

Clive Willson (pictured), director of Sales at Magellan Homeloans, added: “We are delighted to be working with Sesame in offering our new lending proposition to their appointed representatives via SBSLS.

“It will undoubtedly enhance their advisers’ opportunity to place a mortgage enquiry for clients that have experienced a one off life event that has resulted in an adverse credit record.”