Selina Finance launches 85% LTV second charge range

Selina Finance has announced is increasing its maximum LTV to 85%.

Related topics:  Specialist Lending   |   Rozi Jones
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22nd November 2021
Stacey Woods Selina
"There’s been a lot of demand from our intermediary partners for an 85% product, so we’re delighted to be able to offer this before the festive season kicks off."

Two-year, five-year and variable rate products at 85% LTV are now available, all with a rate of 6.3% with no early repayment charges. The maximum loan or credit facility size is £500,000, in line with all Selina’s products above 75% LTV.

Selina Finance provides flexible second charge mortgages that can be used as a standard term loan or a credit facility - or 'home equity line of credit' (HELOC) - with a flexible period of up to five years during which borrowers can draw and repay funds whenever they choose.

The 85% product can be secured on a main residence or second home, and Hometrack AVM with confidence of 6 or more is accepted on properties valued up to £500,000.

Stacey Woods, key account manager at Selina Finance, said: "We’re excited to be adding to our product range as 2021 draws to a close. There’s been a lot of demand from our intermediary partners for an 85% product, so we’re delighted to be able to offer this before the festive season kicks off.”

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