Our Advice+ channel is specifically designed to help business owners to unlock the equity they have built up in their homes.
Refer your clients to us for flexible loans secured against their home.
*Representative example: A loan of £100,000 over 25 years results in 60 monthly payments of £774.61 at a fixed annual rate of 7.59% and 240 monthly payments of £804.16 at a reversion rate of 3.09% above the Bank of England Base Rate. The total cost over the full term is £239,475.00, including interest of £139,475.00, an arrangement fee of £3,000 and a product fee of £995 added to the balance. APRC: 8.64%.
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Perfectly suited for borrowers who derive their income:
First to the UK market, a HELOC (Home Equity Line Of Credit) is a low interest credit facility secured against your client's property.
As it it is a line of credit, they will only ever pay interest on the funds they draw down and they will have the peace of mind that there is more should they need it.
With a Selina Homeowner Loan, your client gets one set amount, secured against their property.
It could be the most suitable option if they need the borrowing in one go.