Selina Finance has today announced a major enhancement to its Homeowner Loan range, increasing the maximum Loan-to-Value (LTV) for Status 1 products to 85%.
This update significantly broadens access for borrowers, particularly those with minor credit issues, and provides brokers with greater flexibility to meet client needs. The increase in LTV represents a substantial step in making high-LTV financing more accessible under the Status 1 plan.
These products are designed to assist borrowers with specific adverse credit histories, such as:
- One missed payment on secured debt.
- Up to two missed payments on unsecured debt within the past 12 months.
- One unsatisfied County Court Judgment (CCJ) greater than £500 in the last 24 months.
By increasing the LTV threshold, Selina Finance empowers brokers to better support clients navigating past financial challenges.
Lower fees for smaller loan sizes
In addition to the LTV increase, Selina has reduced the product fees for Status 1 products to align with those of Status 0, creating a unified and simplified pricing model.
- Requested amount £10,000 - £25,000: £595
- Requested amount £25,001 - £125,000: £995
- Requested amount £125,001 - £500,000: £1,395
Selina Finance is a UK-based lender specialising in flexible, secured credit solutions for homeowners. By leveraging the equity in their property, borrowers can access funding for purposes such as home improvements, debt consolidation, or other financial needs. Renowned for its streamlined and innovative approach, Selina continues to deliver tailored lending solutions that empower brokers and their clients alike.
Stacey Woods, Head of Intermediary Sales at Selina Finance, commented:
“Our latest updates to the Homeowner Loan range reflect our commitment to supporting borrowers who may not fit the traditional lending profile. Increasing the LTV for our Status 1 products to 85% provides brokers with more flexibility to help clients secure higher-value loans, even in challenging circumstances.
“With our reduced product fees and streamlined application process, we’re helping brokers deliver more cost-effective solutions for their clients. By lowering the total cost of borrowing—especially for smaller loan sizes under £25k—Selina Finance is making it easier for customers to consolidate debts and manage their finances efficiently. We’re committed to offering innovative products that meet the diverse needs of brokers and their clients, without the one-size-fits-all approach.”
