Selina is a recent entrant into the UK market and in December 2020 introduced a unique second charge product. We are delighted to be one of the very few packagers to be granted direct access to this product, which is usually only offered by bridging lenders at much higher interest rates.

FlexiLoan works just like an overdraft, with Selina agreeing to a loan up to a maximum of 75% LTV, subject to affordability. Your client can then draw amounts within their credit limit at any time, and also repay funds to the loan at any time, with no ERC’s.

The FlexiLoan facility last for five years, after which time the balance of the loan is repaid over the remaining term which can be up to 30 years.

Loan purposes include funding significant property improvements, school fees and further education, and investment property purchases, where stage payments reduce the interest charged

If you pass the customers details to us and wish for us to provide the advice, please download and complete the SHF Decision in Principle form. Alternatively, you can call 0800 810 1888 or email

If you wish to advise the applicant(s) yourself, please download and complete the relevant LPC Application Form. Remember, you must have the correct FCA permissions to be able to provide advice. All other documents you will need are available to download in Lender Documentation.

Selina Finance is a specialist second charge residential lender. They have a very restricted panel, so to find out more: