Digital lender Selina Finance has brought out a flexible second charge mortgage, available up to 80 per cent LTV.
The product, which has a rate of 5.7 per cent and a maximum loan size of £1m, can act as a standard term loan or credit facility, where borrowers can draw and repay funds at any time for up to five years.
The monthly repayment amount is determined based on the outstanding amount, and permits borrowers to lower interest payable over the loan term.
It has no early repayment charges and no additional fees on further drawdowns. Third charges are also permitted with no rate-loading.
Selina Finance’s key account manager Stacey Woods said that the product was an “exciting addition” to its range and its creation was based on feedback from broker partners and client demand.
She added that there were more “positive enhancements” lined up for the rest of the year.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.