August 2019
By Michael Biemann, CEO at Selina Finance
Selina Finance is a new digital lender offering second charge business loans and buy-to-let loans, with the goal of introducing a level of flexibility and speed that is unrivalled in the UK market.
Our aim is to offer brokers a completely fresh mode of finance for their clients which we believe is perfect for creating instant liquidity out of equity, whether for business or property investment reasons.
We’re excited to work with brokers and believe they will play a vital role in our continued growth
Why Brokers are so important:
The complexity of deals has increased drastically over the past years, but with the close personal relations that brokers have with their client, we can collaboratively guide the customer through the process and finalise the transaction quicker.
Additionally, in the current economic, political and technological environment, it is important for us to listen to our clients, brokers and partners to ensure our product and pricing is fit for purpose.
We constantly receive feedback from our brokers and partners about our processes and products. As an example, we are currently developing an exciting new broker application portal and are asking all brokers, irrelevant of whether they have worked with us before or not, about their wishes and requests to make it the best it can be for them. If you want to be part of this, you can sign-up with Selina Finance today.
Our relationship with brokers enables us to not only close complex deals but also receive vital customer feedback. For a company that has doubled its portfolio in less than a month after just entering the market, this close relationship is of particular importance to us.
Our Broker relationship in action:
With the aid of our broker relationships we take great pride ensuring fair, fast and flexible outcomes for our clients.
Recently, we were contacted by a broker with a complicated deal. The applicant was a self-employed company director of a marketing agency, who also owns a portfolio of residential buy-to-let properties. We assisted the broker in understanding the complicated income streams and the documents needed to underwrite the client.
Our technology helped to process all information about the client quickly and despite the complexity of the deal we were able to pay out the loan within 7 working days. Moreover, after the broker discussed our secured credit line product with the client, he decided to consolidate the outstanding business loan, which had a rate of 40% APR.
What Selina Finance offers Brokers:
We offer a commission of 3.5% for every deal, highlighting the importance of brokers to our growth. Our team, made up of experts in property valuation, underwriting and technology can provide ongoing guidance ensuring we find the best solution every time. In addition, as we apply the newest technology, we can approve a loan request within 12 hours, once we have received all required documents.
We are proud to announce we will be launching our enhanced knowledge section on our website at the beginning of September. Here, we will inform professionals not only about recent trends in the industry but also new ways to asses a client’s affordability.
For us, Brokers are the lifeblood of the secured loans industry, whether for business or property investment reasons, and we look forward to building active partnerships with them.
If you are a broker and want to submit a deal with us then visit: www.selinafinance.co.uk/broker or if you want to get in touch with us then write to partner@selinafinance.co.uk or give us a direct call at 02039 848578