First to the UK market, a HELOC (Home Equity Line of Credit) is a low interest credit facility, secured against your property.
As it’s a line of credit, you’ll only pay interest on the money you spend but you’ll have the peace of mind that there’s more to draw down should you need it.
*Representative example: A Selina Advance HELOC of £50,000 drawn out in full over 25 years at a fixed rate of 6.05% for 5 years and then our variable rate of 5.70% for the remaining term would result in 60 monthly payments of £330.12 and 240 monthly payments of £320.90. The total cost after 25 years is £96,823.20, which includes £45,828.2 of interest and a £995 product fee added to the balance.
Answer a few simple questions to quickly see if you're elegible for the Selina Advance HELOC. Does not affect your credit score.
If you're eligible we will help you get the funds easily and promptly.
With a Selina Advance you’ll never pay an early repayment charge. Ever.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments.