The perfect loan for

Get your home working for you to save money, time, and hassle.

Get a quote

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments.

Close Video
As featured in

Think big. Pay small.

Uniquely designed for homeowners

Withdraw funds when needed over 5 years

Only pay interest on funds withdrawn

You can consolidate existing loans with us

More for
your budget

Make large purchases affordable

Unlock low rates only homeowners can get

Cut monthly costs. Spread repayments over a longer term

Your money. Your choice.

Home improvements, school fees, holidays, cars - with a Selina Advance the freedom to choose is yours.

School fees



No need to raid your savings pot to upgrade your life

How it works

Month 1

Kate got approved for a credit limit of £50,000, and withdrew an initial £10,000 to put down a deposit for planned home improvements.

She only paid interest on the £10,000 withdrawn and her monthly payments were £58.17.*

Month 6

To cover final home improvement payments for material and labour, Kate drew another £25,000.

At this point she had withdrawn a total of £35,000, and her monthly payments became £205.10.*

Year 3

Kate drew £10,000 from her remaining credit limit to take a holiday with her family.

As a result, her monthly repayments changed to £267.74, and she still had 2 years to draw on the remaining funds throughout the loan’s flexible period.*

Year 5+

Kate could continue to pay off the outstanding balance in monthly payments until the end of the loan term, or earlier if preferred (without any early repayment charges).*




Monthly payment

See how Kate saved over £5,000

Traditional Loan
Interest rate
Total interest paid over the loan term
Interest saved
Flexible drawdowns?
For 5 years
One-off fee of £995
Combination of arrangement, product, early
payment, over payment, valuation, and other fees

*Based on a loan of £50,000 over 25 years at a representative variable interest rate of 4.95%. Comparison is based on a sample of traditional UK lenders.
Experiences may vary and these may not apply to every traditional lender.

What people say

New to the UK

Selina Advance are the first in the UK to offer a Home Equity Line Of Credit (HELOC). The preferred form of finance for homeowners in the US, Canada and Australia.

Perfect for homeowners financing large purchases to improve their lifestyle.

Upgrade your lifestyle. Sooner

Selina Advance is the new flexible and affordable way to advance your lifestyle. Get £25k to £1m at rates starting from 3.95% to upgrade your home, car, holiday or whatever you choose - sooner.

First choice for homeowners looking to advance their lifestyle

Home Equity Line of Credit

New way to finance large purchases

  • Access funds from £25k - £1m
  • Borrow up to 85% of property value
  • Fixed or variable rates from 3.95%
  • Terms from 5 - 30 years

More flexible than a loan

  • Unlimited drawdowns for 5 years
  • Only pay interest on what you use
  • No early repayment charges ever
  • No hidden fees, just a simple product fee

Upgrade. Sooner

Selina Advance help many homeowners upgrade their lifestyles sooner.

“I used the first drawdown to pay for building work on our home extension. It is quite common to go over budget when undertaking home improvement so we were very pleased to have the flexibility to draw down more as many times as needed.”

Upgraded his home extension

“We are using the Selina Advance in stages as we are redoing the whole house. We used the first drawdown to pay for the major foundation work and as the renovation is progressing, we will soon draw down a second time for the furniture and the final touches.”

Upgraded everything in her home

“Thanks to the Selina Advance HELOC, I was able to first pay initial deposits for the kitchen and then phase payments for builders and other suppliers as the project progressed. Not having to draw down in one lump sum also meant I could control repayments over the life of the project which was fantastic for budget planning.”

Upgraded his living, dining and kitchen space
A minimal livingroom
Upgrade your home
Use Selina Advance to
finance your new extension

Funds at your fingertips

It couldn’t be simpler with the Selina app. You can draw down funds when you need them.

Easy way to access your line of credit
Fast draw downs to get your funds
Coming soon

HELOC in your pocket

The future of finance for homeowners: HELOC linked to credit card. New Hybrid finance with low rates like a mortgage and flexible like a credit card. Coming soon to the UK market with Selina Advance.

Easy way to spend your line of credit
Low rates compared with credit cards


What is a Selina Advance HELOC?

Selina Advance is the first Home Equity Line of Credit (HELOC) in the UK, introducing a flexible and affordable way to finance an upgrade to your home, car, holiday – or whatever you choose - sooner. 

A HELOC is a facility secured against the equity you have built up in your residential property (the “security property”). It is specifically designed to offer homeowners easy access to flexible and fair finance for larger purchases.

Selina Advance is a product of Selina Finance Limited which is a company regulated by the Financial Conduct Authority (FCA).

How can I use it?

With a Selina Advance HELOC, you can use your funds for many different purposes. 

You can choose to upgrade your home with a new kitchen or extension for your family to enjoy, put down a deposit on a second home or trade up your car to the next model. 

Many customers also choose to use their funds to pay for school fees or treat themselves to a special holiday.

You can also use the Selina Advance HELOC to consolidate existing loans. If you are thinking of consolidating debt, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

What rate and fees apply?

You can choose between a fixed and variable rate. Your personal advisor will assist you to ensure you get the right product for you. The Selina Advance HELOC minimum rate is 5.45%. However, to get an idea of how much borrowing will cost you, it is more sensible to look at the APRC.

The APRC is a percentage which represents the annual cost of borrowing against a security property and includes the interest rate and any other fees. It allows customers to compare different products available on the market. The overall cost for comparison of a Selina Advance HELOC is Representative APRC: 4.92% (covered period: 01/07/2021-30/06/2022)*.

This means at least 51% of our customers get a Selina Advance HELOC at this 4.92% APRC. Please note the APRC you receive will reflect your individual circumstances.

*Representative Example: A Selina Advance HELOC of £50,000 drawn out in full over 25 years at a fixed rate of 5.45% for 5 years and then our variable rate of 5.20% for the remaining term would result in 60 monthly payments of £311.63 and 240 monthly payments of £305.26. The total cost after 25 years is £90,965.12, which includes £40,965.12 of interest and a £995 product fee added to the balance.

What advantages does it have over remortgaging?

There are several advantages over remortgaging. 

The first is that you never pay early repayment charges. Most banks charge for remortgaging and additional borrowing on your mortgage. The Selina Advance HELOC is simply a secured facility that sits alongside your mortgage without having any effect on its repayments. 

Another advantage of the Selina Advance HELOC is its flexibility. You can drawdown funds up to your credit limit in the first 5 years and you will only ever pay interest on the amount you've withdrawn. You can also overpay as and when you wish without ever incurring additional charges.

Used responsibly, a HELOC can provide you with valuable advantages. However, you should consider the possible impact on your ability to secure additional borrowing against your home. As this is a secured loan, if you fall into financial difficulties, your property could become repossessed and sold to repay the debts.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments.