"The ease with which funds can be made available marks Selina as becoming a popular addition to the FIBA lender family."
Commercial finance trade body, FIBA, has added Selina Finance to its lender panel.
Selina is a digital mortgage lender, providing second charge business mortgages and property investment loans.
Current rates for business and investment loans start at 4.95% with no fees at entry, no repayment fees, and the flexibility to adapt repayment schedules online.
Adam Tyler, executive chairman at FIBA, said: “We are delighted to welcome Selina Finance to the FIBA lender panel. They represent a new breed of lender with their simple, stripped down digital approach to the process of providing funding. 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, commented: “We are looking forward to working with FIBA members. 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.”