School fees

Use your home equity to secure your children’s education

Save on interest by only drawing a term's fees at a time

Draw, repay and redraw funds as you need

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

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

Happy school children running through the playground

Lower rates than personal loans and credit cards

Only pay interest on what you use

Rates starting from 7.74%

No early repayment fees

Borrow £10k - £500k

Swap large termly school fees, for low monthly HELOC payments

You’ve worked hard to build value in your home. Now, you can use that investment to support your child’s education without remortgaging or dipping into long-term savings.

A Home Equity Line of Credit (HELOC) is a secured loan that gives you flexible access to funds for major expenses like school or university fees. Instead of facing large termly bills, you can spread the cost into manageable monthly payments, giving you more control over your cashflow.

With a Selina HELOC, 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. Whether you’re funding prep school, secondary, or higher education, a HELOC gives you simple, affordable credit that fits around your family’s plans.

Get a quote

Why choose a HELOC?

Draw funds when the school fees are due

Avoid borrowing more than you need. A Selina HELOC, lets you draw funds exactly when a term’s invoice arrives so there’s no need to take a large lump sum upfront.

Re-use your credit line for up to five years

Draw, repay and redraw for up to 5 years. Cover school fees for one child or several, across multiple academic years, with one flexible credit line.

Expecting a bonus, or other income?

You can repay early without penalty and redraw funds later if needed. It’s a smart way to stay in control of education costs without locking yourself into rigid repayment terms

Stay in control of rising fees and all the extras

From school trips and sports kits to private tutoring and increasing school fees, education costs can add up fast. Have peace of mind with a flexible line of credit you can access when those extras come up.

Keep your savings and investments intact

Instead of dipping into your ISA or liquidating long-term investments, use the value in your home to cover fees. A HELOC helps preserve your financial future while supporting your child’s education today.

See what parents have to say about the HELOC

With a Selina HELOC, thousands of parents have unlocked the value in their homes to give their children the best possible start in life, without changing their existing mortgage. Here’s how families are using their HELOC to manage school fees, plan ahead, and keep life moving.

“We used it for school fees and when life happened too”

This couple used their HELOC for education costs, and also tapped into it for a holiday and a long-overdue kitchen renovation.

We started with the HELOC for school fees, but when we wanted to finally do the kitchen and take the kids away for a big family trip, it made sense to use it again. The flexibility to use it when needed has made all the difference.”

Leanne and Josh, Kent

“We needed a way to fund school for all our children”

Covering education for more than one child can stretch even the best-planned budget. This family used their HELOC to make it manageable across multiple years.

We’ve got three kids and wanted to give them all the same opportunities. Paying fees for one child is tough, three is something else entirely. With the HELOC, we were able to stagger payments and stay on top of costs without the pressure of finding lump sums.”

Mark and Helen, Buckinghamshire

“Paying term by term fits our finances better”

Rather than borrowing a lump sum, this parent used their HELOC to match the school calendar and avoid paying interest on unused funds.

We didn’t want to take out a big loan or remortgage. With the HELOC, we only borrow what’s needed for each term and pay interest just on that. It’s been the perfect fit for how school fees are structured.”

Sam, Manchester

“We finished using it and paid it off on our own terms”

After five years of flexible use, this parent repaid the balance by rolling it into their mortgage, without penalties.

Portrait image of a woman and her daughter

We used the HELOC throughout our daughter’s time at school. Once she graduated, we rolled the balance into our main mortgage and paid it off over time. There were no early repayment fees, which made it really simple to manage.”

Joanne, Bristol

“We’re getting ready now in case fees go up”

With the risk of VAT and rising tuition, this parent secured flexible funding early to stay in control.

We’re aware that VAT could come in soon and drive up the cost of fees. Having the HELOC in place means we’ve already got a plan to cover the extra cost without scrambling at the last minute.”

Claire, Hampshire

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

*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 7.49%

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

Lump sum upfront

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

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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.

School fees

Use your home equity to secure your children’s education

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

Swap large termly school fees, for low monthly HELOC payments

Why choose a HELOC?

Draw funds when the school fees are due

Re-use your credit line for up to five years

Expecting a bonus, or other income?

Stay in control of rising fees and all the extras

Keep your savings and investments intact

See what parents have to say about the HELOC

“We used it for school fees and when life happened too”

“We needed a way to fund school for all our children”

“Paying term by term fits our finances better”

“We finished using it and paid it off on our own terms”

“We’re getting ready now in case fees go up”

One facility, many possibilities

How big could my credit limit be with a HELOC?

How Selina’s HELOC compares against other financing options

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.

Your questions, answered

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