Selina Finance has partnered up with Luxury Lodges which provides some of the UK's most luxurious holiday homes. Selina now offers Luxury Lodges customers the opportunity to access them, sooner.
First to the UK market, a HELOC (Home Equity Line of Credit) is a low interest credit facility, secured against your main residence.
As it’s a line of credit, you’ll only pay interest on the money you spend but you’ll have the peace of mind that there’s more to draw down should you need it.
Representative example: A HELOC of £100,000 drawn out in full over 25 years results in 300 monthly payments of £858.28 at a variable rate of 8.75%, set at 3.75% above the Bank of England Base Rate. The total cost over the full term is £257,484.00 which includes £157,484.00 of interest, a £3,000 arrangement fee and a £1,395 product fee added to the balance. APRC: 9.68%
Answer a few simple questions to quickly see if you're eligible for one of our loans.
Apply online, one of our experts will help you during the process.
If you're eligible we will help you get the funds easily and promptly.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.