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Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$91.4M
Headquarters
London, United Kingdom
Founded
2019
Selina Finance offers flexible lending solutions for homeowners in the UK, focusing on home equity lending. Its main products include a Home Equity Line of Credit (HELOC), which allows borrowers to access funds against their property equity and only pay interest on the amount used, and a Homeowner Loan, which provides a fixed sum secured against the property. The company targets homeowners looking to finance large purchases or projects, providing loans from £10,000 to £250,000 at competitive interest rates starting at 7.70% per annum. Selina Finance differentiates itself by offering a unique HELOC product in the UK market.
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Total Funding
$91.4M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Selina Finance has launched a bespoke pricing model for its second charge lending range, giving brokers early access to personalised rates based on individual borrower circumstances.
Intermediary processing platform, One Mortgage System (OMS), has announced a new partnership with Selina Finance, launching a 'quick quote' functionality on its platform specifically for Selina's second charge product range.
Consumer lending fintech Selina Finance has selected Phoebus Software for its mortgage technology platform as part of a new five-year servicing agreement.
Lender set to update loan rates
Legal General Mortgage Club has today added specialist homeowner loan and Home Equity Line of Credit (HELOC) provider Selina Finance to its lender panel. The addition of Selina Finance to the panel will give the Club’s network of adviser’s access to a wider range of specialist mortgage products suitable for consumers with more complex financial circumstances, who may be in need of more tailored solutions. Founded in 2019, Selina Finance is the first provider in the UK to offer a HELOC product and an entirely end-to-end application journey. The HELOC is a low-interest credit facility secured against a borrower’s home and taken out alongside their primary mortgage. The product, which is well-established in the US, Canadian and Australian markets, gives borrowers flexible access to their property wealth to finance school fees, home improvements, car finance and more. . . Selina Finance offers a range of homeowner loan and HELOC products, with loan sizes ranging from between £10,000 and £500,000, with rates starting at 8.45% p.a. Legal General Mortgage Club is the largest and longest-running mortgage club in the UK. Since its launch in 1995, it has completed more than £875bn of mortgages and is now involved in almost 20% of all mortgages in the UK, including one in three of all intermediated mortgages
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Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$91.4M
Headquarters
London, United Kingdom
Founded
2019
Find jobs on Simplify and start your career today