As a result, Brilliant members will be able to access Selina’s range of flexible second charge mortgages. Rates on the second charge deals start at 3.95 per cent, with loans available up to 80 per cent loan to value (LTV). They can be used as a traditional term loan or a drawdown facility.
The move follows a revamp of Selina’s product range earlier this year, including the launch of a new second charge loan at 5.7 per cent, available up to 80 per cent LTV.
Stacey Woods, key account manager at Selina, praised Brilliant Solutions for being a fast-growing firm with a national presence, adding: “Their packaging team have shown themselves to be really knowledgeable and engaging so far.”
Matthew Arena (pictured), managing director at Brilliant Solutions, added that Selina’s product proposition was “unique”, noting that the lender’s flexibility had made them popular with borrowers.
He continued: “Our members have expressed a lot of interest in Selina’s products and we’re close to processing our first completions, so we’re hopeful this is the start of a fruitful relationship.”