Close Video

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

Benefits of the Selina Advance HELOC

No need to re-mortgage
Amounts of over £25k
No early repayment fees
Highly flexible, only pay interest on what you use
Representative APRC of 4.96%

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

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.

A picture of a minimal kitchen
Upgrade your kitchen
Use Selina Advance to
finance your new kitchen

Easy to apply

Get instant quote without affecting credit score
Submit full application
through portal
Speak with personal advisor
to tailor product
Sign final offer
to access funds
Apply now

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.”

Richard
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.”

Tanuja
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.”

Alistair
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

Your questions answered

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.

What rate and fees apply?

The overall cost for comparison of a Selina Advance HELOC is Representative APRC: 4.96%*. 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.


This means at least 51% of our customers get a Selina Advance HELOC at this 4.96% APRC or lower with rates starting from 3.95%. 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 4.95% for 5 years and then our variable rate of 4.45% for the remaining term would result in 60 monthly payments of £296.63 and 240 monthly payments of £284.33.

The total cost after 25 years is £86,037.30, which includes £35,042.30 interest and a £995 product fee added to the balance.


Your personal advisor will help you choose between a fixed and a variable rate to ensure you get the right product for you

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. With a Selina Advance HELOC, you won’t be locked into your mortgage for a longer period of time. It’s simply a secured facility that sits alongside your mortgage without having any effect on it. 


Another advantage of the Selina Advance HELOC is its flexibility. You only pay for what you use, when you use it. That means funds when you need them, and no costs when you don’t!

Your home may be repossessed if you do not keep up repayments