Second charge mortgage lender Selina Finance has introduced lower rates across its loan-to-value (LTV) bands, starting from 6.34%.
The provider said the adjustments give brokers and their clients more affordable and flexible lending options. As part of the changes, Selina Finance has reduced rates across its two- and five-year fixed rates, and its variable products.
Highlights from the rate cuts include:
• Five-year fixed rate, available up to 50% LTV, now with a rate of 6.34% – a 1.55% reduction
• Five-year fixed rate, available up to 65% LTV, now with a rate of 6.39% – a 1.6% reduction
Alongside its rate reductions, Selina has also updated the fees for loans between £10,000 and £25,000 to sit at £895. Selina has also reduced rates by up to 1% across its high-LTV products, including its 87.5% LTV two-year fixed rate product, which now comes with a rate of 9.09%.
Stacey Woods (pictured), head of intermediary sales at Selina Finance, said: “These rate reductions enhance the value we offer, ensuring brokers can support their clients with attractive second-charge options, even in a challenging economic environment. Our goal is to continue empowering brokers with innovative solutions that help them meet their clients’ evolving needs.”

Market Moves
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Last month, the lender increased its maximum available LTV to 85% across its Status 1 homeowner loan range to widen loan access for borrowers, particularly those with minor credit blips.