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Digital secured lender Selina Finance has launched a flexible credit facility product for businesses and property investors across the UK (including Scotland and N. Ireland).
The lender secures its credit facility against an applicant's residential property or a buy-to-let portfolio, providing them with an affordable and flexible alternative to accessing funds.
The product works like a line of credit or an “overdraft-like facility” and it is available on an interest-only basis up to 70% loan-to-value. Rates start from 0.66% per month, there is a 1% arrangement fee, and the maximum term is three-years.
Aaron Strutt, product director at Trinity Specialist Finance, says: "If you are looking to purchase properties or fund property repairs or refurbishments, this product will help you move quickly.
"Our brokers have access to some fantastically cheap buy-to-let rates, but if you are looking for an alternative option to the standard lenders, this is something different."
Selina Finance will not charge a property valuation or legal fee, and there are no early repayment charges. If you are a landlord, you will need three investment properties to qualify.
Call Trinity Specialist Finance to secure a property investment facility on 020 7016 6151