Upgrade your car.

Sooner

Selina Advance is the new flexible and affordable way to finance an upgrade to your lifestyle. Get £25k to £1m for your next car at rates starting from 3.95%. Get sportier, bigger, newer, electric or whatever you choose – sooner.

Upgrade your car
Use Selina Advance to finance your new car

Home Equity Line Of Credit

New way to finance large purchases

  • Access funds from £25k - £1m
  • Borrow up to 80% of property value
  • Choose low fixed or variable rates
  • 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

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%

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 lifestyles.

Upgrade your car
Use Selina Advance to finance your new car

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
Upgrade your car
Use Selina Advance to finance your new car

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.

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 4.10%. 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: 5.21%*.


This means at least 51% of our customers get a Selina Advance HELOC at this 5.21% 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 5.10% for 5 years and then our variable rate of 4.75% for the remaining term would result in 60 monthly payments of £301 and 240 monthly payments of £292. The total cost after 25 years is £88,140, which includes £37,239 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.

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