Adam Tyler

FIBA adds Selina Finance to lender panel

The Financial Intermediary & Broker Association (FIBA) has appointed Selina Finance to its lender panel.

Selina Finance provides second charge business mortgages and property investment loans, with no repayment fees or fees at entry. 

Current rates for business and investment loans at the digital mortgage lender start at 4.95%, with the flexibility to adapt the repayment schedule due to the online management of every account.

“[Selina represents] a new breed of lender with [its] simple, stripped down digital approach to the process of providing funding,” said Adam Tyler, executive chairman at FIBA (pictured above).

“Being able to borrow for business purposes against a customer’s main residence via a second charge might not be new, but the ease with which funds can be made available marks Selina as becoming a popular addition to the FIBA lender family.”

Michael Biemann, managing director at Selina Finance, added: “Becoming part of FIBA will not only give us opportunities to put our proposition in front of professional finance brokers and help their customers, but also provide us with valuable feedback on how we can streamline and improve our service further.”

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