Selina Secured Loan from Selina Finance
Borrow from £10,000 to £500,000 over 5-30 years. See how their flexible loans let you borrow as needed against home equity.
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Introduction to Secured Loans
Secured loans are a popular way for homeowners to access larger amounts of money by using their property as collateral. This type of loan is ideal for those looking to finance larger purchases, consolidate debt, or fund significant life events. With a secured loan, such as those offered by Selina Finance, borrowers can access funds at competitive interest rates, often lower than those available with unsecured loans.
Whether you’re interested in a homeowner loan or a home equity line of credit (HELOC), secured loans allow you to pay interest on the amount borrowed and repay the loan over a set period, with the flexibility of fixed or variable rates. Selina Finance specialises in helping homeowners unlock the equity in their property, making it easier to finance your goals, manage debt, or invest in your future.
Benefits of Secured Loans
Secured loans offer several advantages for homeowners seeking to manage their finances more effectively. One of the main benefits is access to lower interest rates compared to unsecured borrowing, thanks to the security provided by your property. This means you can borrow larger amounts and spread repayments over longer terms, making it easier to manage monthly repayments. Fixed payments from debt consolidation provide financial certainty for consumers and help with budgeting. Secured loans are a smart choice for debt consolidation, home improvements, or making large purchases such as a vehicle or a buy to let property.
By choosing a Selina homeowner loan, you benefit from an efficient service that helps you access funds quickly and securely for customers like you . Lenders are more willing to offer favourable terms because the loan is secured against your property, giving you peace of mind and flexibility to find the best option for your needs.
Types of Secured Loans
When it comes to secured loans, homeowners have a couple of main options to choose from. A homeowner loan provides a fixed amount of money upfront, which is repaid over a set period with either fixed or variable rates. This is ideal if you know exactly how much you need to borrow for a specific purpose.
Alternatively, a home equity line of credit (HELOC) offers a flexible line of credit, allowing you to access funds as needed and pay interest only on the amount you use. Selina Finance offers both homeowner loans and HELOCs, giving borrowers the flexibility to select the best option for their personal circumstances. Whether you need a lump sum for a large purchase or ongoing access to funds for projects or expenses, Selina’s secured loan products are designed to fit a variety of financial needs.
Selina Finance Services
Selina Finance is a leading provider of secured loan solutions for UK homeowners. Their services include both homeowner loans and home equity lines of credit (HELOC), tailored to help you achieve your financial goals with confidence.
Selina Finance is known for its efficient service and professional approach, guiding customers through the whole process from initial enquiry to final repayment. The company is authorised and regulated by the UK’s Financial Conduct Authority (FCA), ensuring you receive transparent and reliable support. With a focus on clear communication and customer support, Selina Finance makes it easy for homeowners to access the credit and equity they need, whether for home improvements, debt consolidation, or other financial plans.
How much you can borrow
Selina Finance lets you secure between £10,000 and £500,000 with flexible repayment terms. Borrowers can obtain flexible repayment terms for up to 30 years with Selina. You can borrow up to 85% combined loan-to-value with Selina, including your mortgage and any other secured debt. As part of their loan policies, Selina allows borrowing up to 85% of the property's current value, providing homeowners with significant access to their equity.
- Borrow £10k-£500k
- Choose repayment term between 5-30 years
- Up to 85 % combined loan-to-value (LTV)
If you are an expat interested in pension transfers and overseas options, learn more here.
The amount you can borrow depends on the total debt secured against your property, such as your mortgage and any other debt. It's important to carefully consider your overall financial situation before securing additional borrowing against your home, as failure to repay could result in repossession.
Homeowner loans and HELOC
Selina offers two secured borrowing formats:
Homeowner loan and immediate annuities
- One-off lump sum - ideal if you know exactly what you need, such as for a home renovation, debt consolidation, or vehicle purchase
- Rates start at 5.94% fixed and 7.34% variable
- One-off product fee from £595 to 1,395, plus arrangement fee capped at £3,000
HELOC (home equity line of credit)
- Flexible, unlimited withdrawals available during the first five years, with interest-only payments applying in this period—only pay interest on amounts used
- Minimum variable rate of 7.74%, with a £1,395 product fee and arrangement capped at £3,000
- No early repayment charges - repay or redraw at any time
Application Process
Applying for a secured loan with Selina Finance is designed to be as straightforward and stress-free as possible. The process begins with a few simple questions to check your eligibility, which takes just two minutes and won’t impact your credit score. If you qualify, you can move on to the full application, which can be completed in around ten minutes. Throughout the whole process, you’ll have the support of a dedicated case manager, who will keep you informed and help you choose the best option for your needs.
Once your application is approved, you could receive your funds in as little as 48 hours, making Selina Finance an efficient service for those seeking secured debt solutions. With clear guidance and professional support every step of the way, Selina Finance ensures you’re aware of all your options and can make informed decisions about your finances.
What you can use the money for
Selina Finance is available for various homeowner needs:
- Debt consolidation: Merge high-interest debts and consolidate other debts into a single loan with lower rates. Consolidating debt can simplify financial management by combining various obligations into one manageable payment. Be aware that securing other debts against your home means your property could be at risk if repayments are not maintained.
- Home improvements: Fund renovations, extensions, or eco‑upgrades
- Buy-to-let: Use funds for investment property deposits or refurbishments
- School fees: Use flexible funding for personal needs via HELOC
Selina homeowner loans are provided by Selina, a regulated UK lender. Selina Finance offers secure, flexible borrowing up to £500k. Choose a lump-sum homeowner loan with fixed rates and fees, or a HELOC with drawdown flexibility. Selina may work well for debt consolidation and property investments - but remember, your home could be at risk if you fall behind on repayments.
Frequently Asked Questions: Secured Loans
How does a HELOC loan work?
A HELOC (home equity line of credit) is a loan that lets homeowners borrow against their property. It works similarly to a credit card but generally with lower interest rates. Offered by Selina Finance as the first in the UK, HELOC sits alongside your mortgage and means you can draw, repay, and redraw funds over a flexible period.
Who qualifies for a Selina Finance secured loan?
Applicants must be on their property's title deeds. You'll need to be a permanent UK resident with at least three years of address history, earn a minimum of £22,500 (or £30,000 for joint applications), and have a good credit history. Each applicant should refer to their full terms and conditions and meet the credit criteria individually.
What are the property requirements?
Your property must be worth at least £100,000 and owned by you (and any co-applicant) for at least six months. It must fall within a maximum combined loan-to-value of 85%, meaning your mortgage and any other secured borrowing shouldn't be more than 85% of the property's value. For full criteria, speak directly with Selina Finance.
How does Selina value my property?
Selina typically values your property using a free, automated valuation model (AVM), which is based on a few simple questions. If the AVM can't produce a reliable estimate, you may need to arrange a paid RICS valuation instead.
Can I overpay or repay my Selina Finance loan early?
Yes. Selina Finance don't charge you for making early repayments on your HELOC. Whether you want to repay in part or in full, during or after the flexible period, you can do so at no extra costs. Some of their homeowner loan products carry early repayment charges with a 10% overpayment allowance.
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The details shown are for illustration only and may not include all lenders or products. Actual rates and terms depend on your circumstances and the lender’s assessment. Information was correct at publication but may change at any time.
