Selina Finance has reduced rates across its second charge product range, introducing lower options across all loan-to-value (LTV) bands.
The provider said the adjustments would provide brokers and their clients with more affordable and flexible lending options.
As part of the changes, Selina reduced rates across its 2- and 5-year fixed-rates, and its variable products.
Example rates include a 5-year fixed rate, available up to 50% LTV, now with a rate of 6.34% – a 1.55% reduction, and a 5-year fixed-rate, available up to 65% LTV, now with a rate of 6.39% – a 1.60% reduction.
Alongside its rate reductions, Selina has also updated the fees for loans between £10,000 and £25,000 to £895.
Selina has also reduced rates by up to 1% across its high LTV products including its 87.5% LTV, 2-year fixed-rate product, which now comes with a rate of 9.09%.
Products with LTVs above 85% are priced dynamically with prices available on application.
Stacey Woods (pictured), head of intermediary sales at Selina Finance, said: “At Selina Finance we are committed to providing brokers with highly competitive second-charge mortgages, ensuring enhanced affordability and flexibility for borrowers.
“These rate reductions enhance the value we offer, ensuring brokers can support their clients with attractive second-charge options, even in a challenging economic environment.
“Our goal is to continue empowering brokers with innovative solutions that help them meet their clients’ evolving needs.”
