Introducing the new exciting product update from Selina.In response to the growing needs of our clients and market demands, we are pleased to announce that we are increasing our loan sizes. Selina Finance will now offer loans up to £500,000, an increase from our previous maximum of £250,000.
This enhancement is designed to provide our brokers with greater flexibility to meet the financial requirements of a wider range of clients, enabling more substantial investments and business growth opportunities.
We have also lowered our product fee across the no ERC plans from £1,695 to £995.
Key Details:
- New Maximum Loan Size: £500,000 (previously £250,000)
- New lower pricing
- 85% LTV rates reduced
- 5 Year Without ERC product fee now £995, previously £1,695
- Status 1 product fees reduced by £100 across all products
We believe this change will significantly benefit your clients who require larger financial solutions and will help you expand your business offering.
In addition, we have also fully rolled pre-consent funding which was soft-launched earlier this year. This is the first in a series of improvements Selina has planned for the next few months.