Home equity line of credit

Achieve your goals with a flexible line of credit

Draw, repay and redraw funds as you need
Lower rates than personal loans & credit cards
Quick approval & no early repayment fees
Check your eligibility in minutes. Get funded shortly after approval.
Get a quote
This won't impact your credit score
An illustration representing the concept of flexibility

Used responsibly, a HELOC can provide valuable benefits. However, as it is a second charge mortgage (also known as a secured loan), consider how it might affect your ability to secure additional borrowing in the future. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

*Representative example: A 5YR Flexible HELOC of £100,000 drawn out in full over 25 years results in 300 monthly payments of £722.28 at a variable rate of 6.64%, set at 2.64% above the Bank of England Base Rate. The total cost over the full term is £216,685.27 which includes £111,085.27 of interest, a £3,000 arrangement fee and a £2,600 product fee added to the balance. APRC: 7.48%
2-5 year flexible drawdown period
Only pay for what you use
You could be eligible for up to
£300,000
Get a quote
This won't impact your credit score
Estimated home value £450,000
Remaining mortgage amount £110,000

How big could my credit limit be with a HELOC?

Selina offers lines of credit from £10k to £500k, with rates starting from 6.64%

Discover the Selina HELOC, the UK’s most flexible loan

More than £30m in equity unlocked with Selina

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Rated 4.8 on Trustpilot

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Lower rates than personal loans & credit cards

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FCA regulated and backed by leading financial partners

Quotes in minutes and funding shortly after approval

Join more than 4,000 UK homeowners who have unlocked their home’s value with Selina

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An illustration representing the concept of a HELOC

What is a HELOC?

A Home Equity Line of Credit (HELOC) is a secured loan that allows you to borrow flexibly for major expenses without changing your existing mortgage.

You receive a credit limit and can draw funds as needed, repay, and reuse the available balance for up to five years. You only pay interest on what you use, and you’ll need to make monthly repayments. There are no ongoing fees, no need to remortgage, and no unexpected costs.

It is simple, affordable credit when you need it most.

Get a quote

How the Selina HELOC works

Set your borrowing limit upfront

An illustration showing an easy to adjust borrowing limit
Decide how much credit you want access to, based on your needs. Whether you’re planning a renovation, consolidating debt, or covering school fees, you’ll have the flexibility to borrow when you need to and peace of mind when you don’t.

Choose your draw period

An illustration showing a 2-5 year flexible period
Select from 2-5 years of complete access to your funds. Borrow, repay, and borrow again, as often as you like, up to your agreed limit. You only pay interest on what you use, and you’ll need to make monthly repayments.

You’re in control

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Use your credit how and when you need to during the flexible period, not just for your initial plans. Repay early with no fees and reuse your limit as needed. Then spread the cost over 5 to 30 years with a term that suits you.

Easy payments when your draw period ends

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At the end of your flexible period, your outstanding balance automatically turns into fixed monthly repayments. No need to refinance or reapply. Your payments are based only on what you’ve used, making it easy to budget and plan ahead.

How the Selina HELOC works

Set your borrowing limit upfront
Decide how much credit you want access to, based on your needs. Whether you’re planning a renovation, purchasing a second property or covering school fees, you’ll have the flexibility to borrow when you need to and peace of mind when you don’t.
Choose your draw period
Select from 2-5 years of complete access to your funds. Borrow, repay, and borrow again, as often as you like, up to your agreed limit. You only pay interest on what you use, and you’ll need to make monthly repayments.
You’re in control
Use your credit when and how you need during the flexible period, not just for your initial plans. Repay early with no fees and reuse your limit as needed. Then spread the cost over 5 to 30 years with a term that suits you.
Easy payments when your draw period ends
At the end of your flexible period, your outstanding balance automatically turns into fixed monthly repayments. No need to refinance or reapply. Your payments are based only on what you’ve used, making it easy to budget and plan ahead.
An illustration showing an easy to adjust borrowing limit
An illustration showing a 2-5 year flexible period
An illustration representing a control centre
An illustration representing monthly payments

How Selina’s HELOC compares against other financing options

Explore how our HELOC compares to other options like homeowner loans, remortgages, personal loans, and credit cards and discover why it could be the most adaptable solution for your needs.
Type of product
Type of product
Type of product
Type of product
Quick access to funds
Type of product
Amount borrowable
Type of product
Flexibility (access to funds)
Type of product
Pay interest only on what you use
Type of product
Early repayment charges
Type of product
Repayment term
Type of product
Interest rates
Type of product
Max LTV
Selina HELOC
Type of product
Line of credit (second charge mortgage)
Quick access to funds
Tick icon
Draw as needed
Amount borrowable
£10-£500k
Flexibility (access to funds)
Anytime, up to credit limit over 2-5 years
Pay interest only on what you use
Tick icon
Yes
Early repayment charges
Tick icon
None
Repayment term
5-30 years
Interest rates
Variable rates
Max LTV
Up to 85%
Selina homeowner loan
Type of product
Second charge mortgage
Quick access to funds
Tick icon
Lump sum upfront
Amount borrowable
£10k–£500k
Flexibility (access to funds)
Fixed lump sum upfront
Pay interest only on what you use
Cross icon
No
Early repayment charges
Warning icon
May apply
Repayment term
5–30 yrs
Interest rates
Fixed or variable rates
Max LTV
Up to 100%
Remortgage
Type of product
First charge mortgage
Quick access to funds
Cross icon
Lengthy process
Amount borrowable
Up to 90% LTV
Flexibility (access to funds)
Fixed lump sum upfront
Pay interest only on what you use
Cross icon
No
Early repayment charges
Warning icon
May apply
Repayment term
5-40 years
Interest rates
Fixed or variable rates
Max LTV
Up to 90%
Personal loan
Type of product
Unsecured loan
Quick access to funds
Tick icon
Quick approval
Amount borrowable
Up to £50k
Flexibility (access to funds)
Fixed lump sum upfront
Pay interest only on what you use
Cross icon
No
Early repayment charges
Warning icon
Often applies
Repayment term
1-7 years
Interest rates
Fixed or variable rates
Max LTV
N/A
Credit card
Type of product
Revolving credit
Quick access to funds
Tick icon
Instant (if available)
Amount borrowable
Up to £25k
Flexibility (access to funds)
Up to credit limit monthly
Pay interest only on what you use
Tick icon
Yes
Early repayment charges
N/A
Repayment term
Indefinite
Interest rates
Often 0% intro then 20% +
Max LTV
N/A

What can I use a home equity line of credit for?

Debt consolidation

I cleared my credit cards and finally got started on the kitchen revamp we’d been putting off. Being able to do both with one solution made such a difference.
James, Birmingham

Take control of your finances

Combine debts into a single, lower monthly payment. A Selina HELOC offers flexible repayments and lets you consolidate when it makes financial sense.

Learn more
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A modern housing development

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School fees

We were worried about how to cover the next two years of school fees without dipping into savings. Using a Selina HELOC gave us breathing space and kept things manageable month to month.”
Sarah, Surrey

Cover the fees and all the extras with one low monthly HELOC payment

You’ve built equity in your home. Now put it to work for your family’s future. A Selina HELOC helps you manage school fees, from prep school to university, with flexibility that puts you in control.

Learn more
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Home improvments

Our extension had been on hold for years. With the HELOC, we finally had the funds to get it started without juggling multiple loans. Now the whole family has the extra space we needed.”
Daniel, Manchester

Your dream home starts here

From extensions to new kitchens, home projects often cost more than expected. A Selina HELOC gives you the confidence to create the space you’ve always wanted, with funds ready when you need them and repayment options that work for you.

Learn more
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The ultimate guide to funding home improvements in 2025

Read more >

Buy-to-let

I wanted to invest in a rental property but didn’t want the hassle of arranging another mortgage. The HELOC gave me quick access to the funds, and the rental income is already covering repayments.”
Priya, London

Buy-to-let without bridging stress

Need to act quickly at auction? A Selina HELOC lets you unlock equity from your home and purchase as a cash buyer. Secure the deal now, then refinance later with a BTL mortgage

Learn more
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Read more >

Business credit

Cash flow was tight while we waited on a big client payment. The HELOC meant I could cover payroll without stressing. It’s been a game-changer for running my business smoothly.”
Mark, Bristol

Fund your business goals without the business loan headache

Turn your home’s value into your business strength. Whether it’s stock, cash flow or growth, a Selina HELOC gives you fast, flexible funding with no red tape and no business loan stress.

Learn more
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What is a HELOC?

Read more >

Think carefully before securing other debts against your home. Remember, if you consolidate your existing borrowing, you may be extending the term and increasing the amount you repay in total.

An illustration demonstrating various use cases of the HELOC product

One facility, many possibilities

Your life isn’t one-size-fits-all,your borrowing shouldn’t be either. Renovate now, pay school fees later, support your business in between. A Selina HELOC adapts as your needs do, without the hassle of reapplying every time.

Get a quote
Discover your borrowing power

Get a quote in just a few minutes

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Borrow £10k - £500k
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No impact on your credit score
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Rates starting at 6.64%*
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Authorised and regulated by the FCA
Get a quote
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*Representative example: A 5YR Flexible HELOC of £100,000 drawn out in full over 25 years results in 300 monthly payments of £722.28 at a variable rate of 6.64%, set at 2.64% above the Bank of England Base Rate. The total cost over the full term is £216,685.27 which includes £111,085.27 of interest, a £3,000 arrangement fee and a £2,600 product fee added to the balance. APRC: 7.48%
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How to apply

A simple, hassle-free process

1

Check your eligibility

Answer a few simple questions in just two minutes.

2

Get a personalised quote

Complete your full application in ten minutes. There’s no commitment, and getting a quote won’t affect your credit score.

3

Speak to an advisor

We’ll understand your situation and goals before recommending the right product.

4

Submit your documents

If you decide to proceed, provide the necessary documents, and you could receive your funds shortly after approval.

Get your quote now — it only takes two minutes and won’t affect your credit score.

Get a quote

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Why “secured” doesn’t have to feel scary

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HELOC vs Remortgaging: which one’s right for you? A 2025 comparison

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Selina Finance launches a new, improved Home Equity Line of Credit (HELOC)

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Your questions, answered

What’s is a Home Equity Line of Credit (HELOC)?
How much can I borrow and for how long?
What’s the difference between a Home Equity Loan and a HELOC?
What is the flexibility period?
What is the repayment period?
How can I use my Selina HELOC?
Are there any fees?
Will you ever decline my drawdown request?
Get a quoteSee all FAQs

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments.

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Selina Finance Limited is authorised and regulated by the Financial Conduct Authority (FRN 820183). Our registered address is HYLO 103-105 Bunhill Row, London EC1Y 8LZ