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 in as little as 48 hours.

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.

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

More than £30m in equity unlocked with Selina

Rated 4.8 on Trustpilot

Lower rates than personal loans & credit cards

An isometric illustration of a credit card

FCA regulated and backed by leading financial partners

Under 48 hours from application to offer in most cases

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

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

An illustration representing a control centre

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

An illustration representing monthly payments

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

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

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

Type of product
Line of credit (second charge mortgage)

Quick access to funds

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

Yes

Early repayment charges

None

Repayment term
5-30 years

Interest rates
Variable rates

Max LTV
Up to 85%

Type of product

Second charge mortgage

Quick access to funds

Lump sum upfront

Amount borrowable

£10-£500k

Flexibility (access to funds)

Fixed lump sum upfront

Pay interest only on what you use

Early repayment charges

May apply

Repayment term

5-30 years

Interest rates

Fixed or variable rates

Max LTV

Up to 100%

Type of product

First charge mortgage

Quick access to funds

Lengthy process

Amount borrowable

Up to 90% LTV

Flexibility (access to funds)

Fixed lump sum upfront

Pay interest only on what you use

Early repayment charges

May apply

Repayment term

5-40 years

Interest rates

Fixed or variable rates

Max LTV

Up to 90%

Type of product

Unsecured loan

Quick access to funds

Quick approval

Amount borrowable

Up to £50k

Flexibility (access to funds)

Fixed lump sum upfront

Pay interest only on what you use

Early repayment charges

Often applies

Repayment term

1-7 years

Interest rates

Fixed or variable rates

Max LTV

N/A

Type of product

Revolving credit

Quick access to funds

Instant (if available)

Amount borrowable

Up to £25k

Flexibility (access to funds)

Up to credit limit monthly

Pay interest only on what you use

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

Secured vs. unsecured loans: the key differences between them

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

Guide to private school fees 2025/2026

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

A photo of a recently decorated interior

The ultimate guide to funding home improvements in 2025

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

How to buy a buy-to-let property without cash in the UK

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

An photo of a rear extension with glass doors

What is a HELOC?

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

An illustration of a simple shaped blocks going into corresponding holes

How to apply

A simple, hassle-free process

Check your eligibility

Answer a few simple questions in just two minutes.

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.

Speak to an advisor

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

Submit your documents

If you decide to proceed, provide the necessary documents, and you could receive the funds in as little as 48 hours.

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

Get a quote

Your questions, answered

Get a quote See all FAQs

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

Achieve your goals with a flexible line of credit

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

More than £30m in equity unlocked with Selina

Rated 4.8 on Trustpilot

Lower rates than personal loans & credit cards

FCA regulated and backed by leading financial partners

Under 48 hours from application to offer in most cases

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

What is a HELOC?

How the Selina HELOC works

Set your borrowing limit upfront

Choose your draw period

You’re in control

Easy payments when your draw period ends

How the Selina HELOC works

How Selina’s HELOC compares against other financing options

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

Debt consolidation

Take control of your finances

Secured vs. unsecured loans: the key differences between them

School fees

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

Guide to private school fees 2025/2026

Home improvments

Your dream home starts here

The ultimate guide to funding home improvements in 2025

Buy-to-let

Buy-to-let without bridging stress

How to buy a buy-to-let property without cash in the UK

Business credit

Fund your business goals without the business loan headache

What is a HELOC?

One facility, many possibilities

Get a quote in just a few minutes

A simple, hassle-free process

Check your eligibility

Get a personalised quote

Speak to an advisor

Submit your documents

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

Related articles

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

Top 5 ways to use a HELOC and when it’s a good idea

HELOC vs Equity Release: what’s the difference?

Your questions, answered

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