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Brightstar launches distribution partnership with Selina Finance

Brightstar has partnered with Selina Finance to provide semi-exclusive distribution of its overdraft-style lending facilities.

The new products — which are generally not available directly to brokers or through any network or club partnerships — will now be accessible through Brightstar Financial.

Brokers can arrange a dedicated one-to-one Zoom session with the specialist distributor to find out more about the lender’s credit facilities.

Selina Finance offers pre-approved credit facilities from £25,000 to £1m, where borrowers can draw and repay funds whenever they choose, without incurring additional fees or penalties and only paying interest on the amount that is outstanding.

After the first five years, the outstanding balance on the revolving credit reverts to a traditional second- or third-charge loan for the remaining term.

Michelle Westley, head of marketing at Brightstar Financial (pictured above), said: “There are so many circumstances where clients could benefit from a lending facility like the one provided by Selina Finance. 

“It’s a really interesting proposition that can provide brokers with an incredibly useful tool in meeting the funding requirements of their clients, and we’re delighted to be one of the few distributors to provide access to the broker community.”
Gary Lomax, business development manager at Selina Finance, said: “We are really pleased to be working with Brightstar to distribute our unique proposition. 

“Our pre-approved credit facilities can change the way brokers think about meeting the funding requirements of their clients, providing flexible, transparent and affordable solutions.”

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