Second Charge Loan

• Ideal for customers looking to capital raise by releasing equity from their existing residential property
• Ideal for customers who want to protect their existing mortgage i.e. those enjoying low mortgage rates or who want to stay on an interest only repayment method
• Just like a credit card, for the first 5 years, Selina issue you with a credit limit that you can borrow against as much as you like (up to your pre-approved credit limit)
• You can flexibly repay the funds borrowed whenever you like with no early repayment fees
• Selina charge interest on the amount that you’ve borrowed, so anything that you decide to not draw down will be interest free

• Borrow up to 70% of your property’s value
• Capital and Repayment
• Quicker than a remortgage – 10 to 14 days from application to drawdown

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or call 0117 980 7743  

• Easy application – Raise finance without having to remortgage
• Loan purpose – Raise capital for debt consolidation, for a property deposit, tax bill, home improvements, business startup and many more
• £25,000 to £500,000
• Complete flexibility – repay loan in full at any time
• Overpayments can be made at any time – If you overpay the amount you owe, the amount of interest that you pay is recalculated.  Your monthly payment will not change, but the term of the mortgage will reduce accordingly

• Must be a UK homeowner
• Must be aged 21
• No CCJs or IVA in the last 6 years
• Permanently resident in England, Wales, Scotland or Northern Ireland

Get Quotes »

or call 0117 980 7743