Selina Finance is now allowing portfolio landlords to access the equity of multiple properties at up to 75 per cent LTV instead of the former 70 per cent LTV.

The properties must be held by an SPV or individual applicant and the loan takes the form of a revolving credit facility.

As well as this, the lender has extended the maximum term for its business loan product from five years to 10 years.

The loan comes with a fixed rate option for the first five years of its life over its usual ‘flexi-loan’ structure and starts at 4.95 per cent and commands no fee. Up to £1m can be applied for.

The money is borrowed against the business owner’s home or investment property.

Selina Finance co-founder Andrea Olivari says: “We pride ourselves on offering credit that is both flexible and affordable, enabling borrowers to easily unlock the value tied up in their property.

“Part of our vision is to make business lending as affordable as a mortgage with the flexibility of an overdraft, and these improvements to our product offering bring us one step closer to that.”