Paying for school fees can be challenging, but with a Home Equity Line of Credit (HELOC) from Selina, you can release equity from your home to manage these costs more effectively.
Our HELOC offers flexible and affordable financing tailored to your needs, allowing you to pay for school fees responsibly.
Access funds as needed, paying interest only on what you use. If your circumstances change, you can pay off the balance anytime without early repayment charges.
Tap into the value of your home with a flexible line of credit. Borrow up to £500,000 and spread the cost of education over up to 30 years. A HELOC lets you manage payments in a way that suits your budget.
Draw, repay, and redraw funds as needed for up to 5 years. With approved financing, you can confidently cover school fees and unexpected costs like VAT changes, tuition hikes, trips, uniforms, and extra support.
Mr. F, a father of three, anticipated a two-year period when all his three children would be in school simultaneously, with fees nearly matching his entire salary. With no access to bursaries or other financial aid, he was left searching for a way to bridge the gap. Initially, Mr. F considered remortgaging. However, he was hesitant to alter the favourable terms of his current mortgage and his high street bank offered little in terms of flexible solutions.
After exploring alternatives, Mr. F discovered Selina’s HELOC. He appreciated the flexibility of no repayment constraints, especially since he expected to pay off large portions with annual bonuses. The Selina HELOC provided a solution that met his needs and offered an affordable way to manage the high cost of education.
Whether you’re self-employed or have had issues with high-street banks, we offer a flexible and holistic approach to your financial situation. Our dedicated team will understand your specific needs and help you find the most cost-effective solution, whether it’s for school fees, home renovations, or consolidating debts.
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.
