Selina Finance has boosted its homeowner loan range by lifting the maximum loan-to-value for Status 1 products to 85%.

The lender says the move, from 75% LTV, “broadens access for borrowers, particularly those with minor credit issues”.

These products are designed to assist borrowers with specific adverse credit histories, such as:

• One missed payment on secured debt
• Up to two missed payments on unsecured debt within the past 12 months
• One unsatisfied county court judgment greater than £500 in the last 24 months

It adds that fees for its Status 1 loans will come down into line with its Status 0 offers.

This means that fees for these loans between £10,000 to £25,000 will be £595, for loans between £25,001 – £125,000 fees will be £995 and for loans between £125,001 – £500,000 fees will be £1,395.

Selina Finance head of intermediary sales Stacey Woods says: “We’re committed to offering innovative products that meet the diverse needs of brokers and their clients, without the one-size-fits-all approach.”