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Selina Finance has launched a second charge mortgage at 80% LTV. It is available for loans of up to £1m and charges a rate of 5.70%. It contains to early repayment charges and can be used a standard loan or a credit facility with a flexible period of up to five years. It charges no additional fees on further ....
Innovative lenders helping to open up second-charge mortgage market mortgageintroducer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageintroducer.com Daily Mail and Mail on Sunday newspapers.
HomeNewsLoans First flexible secured loan in the UK launched Published: 30/04/2021 Share A new type of secured loan has been launched offering borrowers the option to drawdown funds as and when they need them rather than having to take a full lump sum. This new loan, the ‘FlexiLoan’ is the first of its type in the UK and is the creation of Selina Finance, a fintech lender. The FlexiLoan allows borrowers to access funds secured against their home up to a pre-approved credit limit. Once approved, they can take what they need when they need it and are only charged interest on funds taken. This is a significant difference to other types of secured loans that only offer borrowers a single lump sum. The ability to drawdown funds as needed rather than taking a lump sum could save some borrowers money as they will only be charged interest on when the money is taken. ....