Home improvement loans

Your dream home starts here

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Fund your renovations without dipping into savings
Draw, repay and redraw funds as you need
Quick approval & no early repayment fees
Check your eligibility in minutes. Get funded shortly after approval.
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This won't impact your credit score

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 £600m 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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Only pay interest on what you use
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Rates starting from 6.64%
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No early repayment fees
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Borrow £10k - £500k
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Why choose a HELOC for funding home improvements?

A Home Equity Line of Credit (HELOC) is a secured loan that lets you unlock the value in your home to fund major improvements 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. This makes it ideal for renovation projects where costs can shift over time. 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. Whether you’re updating a kitchen, converting a loft or improving energy efficiency, a Selina HELOC gives you simple, flexible and affordable credit that works around your project and your budget.

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Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

Reduce project stress with the UK’s most flexible secured loan

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Fund your renovation, your way

Access your credit limit in stages, ideal for phased projects like extensions, lofts, or kitchen upgrades.

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Buffer for unexpected costs

Builders’ quotes can change, but with our HELOC, you stay cash-ready. Our HELOC gives you the flexibility to add a financial cushion for unforeseen expenses.

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Stay in control of your cash flow

Projects often take longer than expected. Flexible drawdowns for up to 5 years lets you stay ahead, ensuring you are prepared for any delay.

Unlock energy efficient upgrades

Use your home’s equity to increase its future value with green investments such as better windows, boilers and solar installations without dipping into savings.

What the experts say

A HELOC is a powerful way to fund home improvements, offering the flexibility of a credit card without the need to remortgage. Whether it’s a kitchen upgrade or an extension, homeowners can withdraw money as projects progress and only pay interest on what they use. It’s a smarter, more efficient approach to home improvement lending.
Henry Vaughan, VP of Growth, Selina Finance

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

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

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 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
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
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.

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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 £779.69 at a variable rate of 7.49%, set at 3.49% above the Bank of England Base Rate. The total cost over the full term is £233,906.38 which includes £128,306.38 of interest, a £3,000 arrangement fee and a £2,600 product fee added to the balance. APRC: 8.42%
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%

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
We put flexibility at the heart of our financial products, allowing you to unlock the full potential of one of your greatest assets – your home.
As the first company in the UK to offer a HELOC to homeowners, we're paving the way towards greater financial freedom.
We take huge pride in our 'Excellent' Trustpilot rating, with past customers sharing their positive experiences about everything from customer service to the products themselves.
Our B Corp certification highlights our commitment to being a transparent and responsible lender, as well as our dedication to important social and environmental issues.

Why choose home improvements loans with Selina Finance?

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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

Your questions, answered

What can I use a home improvement loan for?
What credit score do I need for a home improvement loan?
Is a home improvement loan the right choice for me?
What other products do you offer?
What’s the difference between the Selina HELOC and a Homeowner Loan?
How can I use my Selina HELOC?
Are there any fees?
What happens after the flexible period?
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