Complex Buy To Let
Lendlord and Selina Finance team up for landlord credit facility
Portfolio management platform Lendlord and digital lender Selina Finance have collaborated to exclusively provide Lendlord’s users with an overdraft style financing solution.
The credit facility is available up to £1m and will allow portfolio landlords to borrow against the equity tied up in their properties.
The loan can be secured on multiple properties through first, second, or third charges.
It works as a revolving credit facility serviced on an interest-only basis for a three-year term and landlords can draw and repay funds at any time.
Interest is only paid on the drawn balance and there are no early repayment charges or valuation fees.
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Aviram Shahar, co-founder and CEO at Lendlord, said: “We are very excited to have the opportunity to work together with Selina Finance, which has a unique offering for property investors. This collaboration emphasises the continuous effort we invest to increase the value our platform provides our users.
“It was a natural fit, therefore, to embed a digital loan offering like Selina Finance, which is equipped to provide flexible and affordable finance to meet the changing needs of landlords.”
Andrea Olivari, co-founder at Selina Finance, added: “We’re very excited to be partnering with an innovative property management solution like Lendlord.”