Selina Finance

What is a HELOC?

Ever wondered how a Home Equity Line of Credit (HELOC) works and whether it could be right for you? Our ultimate guide explains everything you need to know.

A guide to borrowing against your property

Borrowing against your property has many advantages. For a start, because you are using your home as security, lenders will usually let you borrow a larger sum of money, which can be useful if you’re planning extensive home improvements, for example.

How to fund buy-to-let deposits

Investing in buy-to-let property can provide a regular source of rental income, plus a potential long-term capital growth from any increase in the property’s value. It’s for this reason that many people use buy-to-let as a way of funding their retirement.

Using a HELOC vs remortgaging

Looking to use some of the equity in your home? We explain how using a HELOC works versus remortgaging so you can decide what’s right for you.

How to use a HELOC for kitchen renovations

Paying for kitchen renovations can be expensive but also has the potential to add thousands of pounds to the value of your home. Done right, a kitchen makeover can be a worthwhile investment. If you’re thinking of taking the plunge and sprucing up your kitchen – whether you’re simply replacing the units and flooring with modern alternatives, or you’re opting for a complete remodel – it’s important to carefully consider the best way to pay for your chosen improvements.

How to use a HELOC to fund outdoor home improvements

There are plenty of ways to renovate your home outdoors too. For example, you might landscape your garden, install a swimming pool or build a home office in your garden. Using a HELOC could provide a much more flexible way to borrow than traditional finance.

How to use a HELOC to pay for private school fees

A HELOC could be worth considering if you’re looking for a flexible way to pay for private school fees without the need to rely on savings or investments.

What is the best loan for debt consolidation?

There are several options with pros and cons based on many different factors. If you have debts with a number of different creditors, it can be difficult to keep track of what you owe and when you need to make your repayments. Choosing to consolidate those debts could help to simplify your repayments and maybe even save you money.

What is a line of credit?

A line of credit, or credit line, is a type of revolving loan facility that you can access at any time. Here, we explain exactly how it works and how you could potentially benefit.

How to use a HELOC for large home improvements

If you’re looking to pay for extensive home renovations, whether that’s a loft conversion, an extension, or a complete remodel of your home, you’ll probably be considering borrowing funds to help cover the cost. This guide looks at how you can use a home equity line of credit, or HELOC, to help pay for large home renovations and why it could be a better alternative to more traditional options.