Specialist lender Selina Finance has increased the rates for its homeowner loans and home equity line of credit (HELOC) ranges due to swap rate rises.
In a note to brokers, the lender said that due to the “sustained increase in swap rates” it will be increasing its rates across all its fixed rate products.
For homeowner loans, variable rates start at the base rate plus 3.75 per cent, whilst its two-year fixed rate with early repayment charge (ERC) begins at 9.7 per cent and without ERCs are priced from 9.9 per cent.
Five-year fixed rates with ERCs begin from 8.85 per cent and without ERCs are priced from 10.05 per cent.
In the lender’s HELOC range, variable deals are priced at the base rate plus 4.2 per cent.
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.
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