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.
If flexibility is what you need, Selina’s HELOC could be the ideal solution. As the first provider of HELOCs in the UK, we’re proud to offer a revolving credit facility that’s secured against your property.
Popular in the USA, Canada, and Australia, a HELOC combines the ease of a credit card with the lower costs of a mortgage. You have the freedom to draw funds as needed, paying interest only on what you use. Plus, with no early repayment fees, you can repay at any time, further reducing your interest costs.
Access funds when you need them, paying interest only on the balance you use. No need to work out exactly how much you’re going to need.
Enjoy rates that are lower than most unsecured credit options like credit cards and personal loans.
Repay at any time without penalties, reducing your overall costs.
Agree your borrowing limit in advance, so you have the financial flexibility to tackle big projects, cover unexpected expenses, or simply create peace of mind. With Selina’s HELOC, you’re in control, making it easier to plan and execute your financial goals.
HELOCs offer larger credit limits than most unsecured loans, with rates exclusive to homeowners. You can draw, repay, and redraw funds as needed, paying interest only on what you owe. And with unlimited drawdowns and repayments, you won't pay interest on unused money in your account.
Whether you’re consolidating personal debt, renovating your home, or covering school fees, a HELOC gives you the power to manage your finances on your terms. With repayment terms from five to 30 years, you can create a payment plan that fits your budget.
Answer a few simple questions in just two minutes.
Complete your full application in ten minutes. There’s no commitment, and getting a quote won’t affect your credit score.
We’ll understand your situation and goals before recommending the right product.
If you decide to proceed, provide the necessary documents, and you could receive the funds in as little as 48 hours.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments.
