We’re excited to announce the launch of our updated Home Equity Line of Credit (HELOC) – designed to give homeowners even more flexibility and control over their borrowing.
With our HELOC, you can unlock the value in your home to fund the things that matter most – whether that’s home improvements, school fees, property investment, or other big life milestones.
What’s new?
Our refreshed HELOC comes with features that make borrowing simpler and more flexible than ever:
- Flexible drawdown periods – choose between two and five years, depending on your needs.
- Access when you need it – draw, repay, and redraw funds during your drawdown period.
- Simple affordability checks – affordability is based only on your repayment period.
- No early repayment charges – repay whenever you like without penalty.
- Interest only on what you use – you’ll only pay interest on the funds you’ve drawn, not on the total limit.
Why choose a HELOC?
Unlike a traditional loan, a HELOC works more like a flexible credit line secured against your home. That means you can access funds when you need them, repay at your own pace, and keep costs under control. It’s built for people who want choice, flexibility, and peace of mind.
Why we’ve made these changes
We know life doesn’t always follow a set plan. Whether you’re renovating your home, covering school fees, or investing in property, you need a product that can adapt to your needs. Our enhanced HELOC gives you that flexibility, helping you access funds when you need them.
At Selina Finance, we believe borrowing should be straightforward and stress-free. That’s why we’re excited to bring these improvements to homeowners across the UK.
If you’d like to explore how our HELOC could work for you, Get a quick quote and speak to one of our advisors..
Your home may be repossessed if you do not keep up with repayments on your mortgage or any other debt secured on it
