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Selina Finance launches 85 per cent LTV second charge range 

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  • 22/11/2021
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Selina Finance launches 85 per cent LTV second charge range 
Secured loan provider Selina Finance has increased its maximum second charge loan-to-value (LTV) to 85 per cent.

 

Two-year, five-year and variable rate products at 85 per cent LTV are now available, all with a rate of 6.3 per cent. The maximum loan or credit facility size is £500,000, in line with all Selina’s products above 75 per cent LTV.

 The 85 per cent product can be secured on a main residence or second homes, and a Hometrack AVM is accepted on properties valued up to £500k.

Stacey Woods (pictured) key account manager, 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 per cent product, so we’re delighted to be able to offer this before the festive season kicks off.”

The new products have no early repayment charges (ERCs). Selina Finance provides flexible second charge mortgages that can be used as a standard term loan or a credit facility.

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