The perfect loan for
your child’s future

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Thousands have benefited from our Home Equity Line of Credit (HELOC).

We offer financing solutions for every stage of your child's education, from Prep School to Sixth Form.

Spread payments over a term that suits you.

Get a quote
Authorised and regulated by the FCA
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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You know that the fees are going up every year, and you need to know that you can fund it. You don’t need a lump sum at the beginning, you need the opposite of that. You need it later.”
Mrs K
Parent at St. Margaret’s

What is a HELOC?

A HELOC (Home Equity Line of Credit) is a flexible, secured loan which typically sits on top of your mortgage.

Flexible
Draw and repay within your remaining credit limit as you see fit for the first 5 years
Terms of 5-30 years
Repayments spread over up to 30 years
No Early Repayment Charges
Close the facility at any time, such as when your primary mortgage is up for renewal

How does it work?

Fees and interest rates apply based on your individual circumstances. There is a one-off product fee of £1,395 applied to the Selina HELOC.

Facility size
Borrow anything from £10k-£250k
Interest rate
Variable rate, depending on your loan size and security
Monthly repayments
Based on your chosen term and outstanding balance

Why choose a HELOC?

According to the ISC*, putting your child through a private day school will cost £233,000 on average. This is not accounting for the cost of other expenses (e.g. music lessons, uniforms, devices, and school trips).

*ISC Census and Annual Report, 2023

Flexible funding
One facility that can be used to cover every year of your child’s education
Manage your finances
Spread out your payments and manage your monthly budget effectively
Additional expenses *
Tell us if your HELOC is going to be used to pay for additional expenses, from school trips to kitchen renovations.
No annual reapplications *
Our HELOC offers a five-year ‘flexible’ period. Draw, repay, and redraw subject to approval.

* As a responsible lender, we have to make sure that you are not taking on more debt than you can handle. If your circumstances or requirements have changed since you applied for our facility and you no longer meet our lending criteria, we may decline additional drawdowns subject to terms and conditions.

Apply online,
get funded quickly

1

Check your eligibility in 2 minutes

Answer a few simple questions to quickly see if you're eligible for one of our loans.

2

Apply in less than 10 minutes

Apply online, one of our experts will help you during the process.

3

Get funded

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.

What people say about
Selina

Your questions, answered

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