Selina Finance homeowner loans review

Get access to the equity you have in your home as a line of credit with Selina's Home FlexiLoan.

Selina
Your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured on it.
£
yrs
£
£
Name Product Maximum LTV Loan amounts Loan terms Overall cost for comparison Repayments
Selina Selina FlexiLoan
65%
£25,000 to £1,000,000
5 to 25 years
4.1% APRC
£388.51
(£83,917.23 overall)
Selina Selina FlexiLoan
70%
£25,000 to £1,000,000
5 to 25 years
4.4% APRC
£396.28
(£85,596.65 overall)
Selina Selina FlexiLoan
75%
£25,000 to £1,000,000
5 to 25 years
5.2% APRC
£420.13
(£90,748.53 overall)
loading

Compare up to 4 providers

Overall representative example
If you borrowed £35,000 over a 14-year term at 8.95% p.a. (variable), you would make 168 monthly payments of £418.88 and pay £70,371.84 overall, which includes interest of £30,326.84, a broker fee of £3,550.00 and a lender fee of £995.00. The overall cost for comparison is 11.8% APRC representative.

What is Selina Finance?

Selina Finance is a UK lender offering a range of loan products including credit facilities for property investors and businesses, as well as line of credit homeowner loans for customers looking to access the equity they have in their homes.

Is Selina Finance safe?

Selina Finance is a registered UK company and authorised and regulated by the Financial Conduct Authority.

What types of loans does Selina Finance offer?

Selina Finance offers line of credit loans to businesses, property investors and homeowners. Through its Home FlexiLoan, customers can access the equity they own in their home as a flexible line of credit for 5 years. Instead of paying interest on the entire loan amount, borrowers are given a pre-approved credit limit, and only pay interest on the money that they use.

Key features of a Selina Finance Home FlexiLoan homeowner loan

  • Borrow from £25,000 to £1,000,000. With a Selina Home FlexiLoan, you can borrow up to 75% of the equity you have in your home.
  • Line of credit. Selina’s loans are offered as a line of credit for the first 5 years, meaning you only pay interest on the amount of equity you actually use.
  • Fixed and variable interest rates. Loans are offered with a representative APRC of 4.96%, with rates fixed for the first 5 years.
  • Early repayments. You can repay your loan at any time with no penalty or early repayment fees.
  • Secured loan Your loan is secured against the equity you own in your house, which means your house could be repossessed if you fail to make repayments.

Pros and cons of Selina Finance loans

Pros

  • Initial line of credit option can help prevent unnecessary interest payments.
  • Early repayment options.
  • Rates are fixed for 5 years.

Cons

  • You’ll need to have equity in your house that you’re willing to use as security.
  • Line of credit option may not suit everyone.

Am I eligible for a Selina Finance homeowner loan?

In order to be eligible for a Selina Home FlexiLoan, you’ll need to meet the following criteria:

  • Be at least 21 years old
  • Be a UK resident
  • Have a good credit score
  • Have equity in a residential property with a minimum value of £50,000

If you have an outstanding mortgage, it, in combination with your loan amount, cannot exceed more than 75% of your property’s value.

How can I apply?

You can apply for a Selina Finance Home FlexiLoan via its website. You’ll first need to apply for a personalised quote, which will only take 3 minutes and won’t affect your credit score. As part of your application, you’ll need to provide personal information and details of your property.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

  • What is Yearn Finance?

    Learn how to use DeFi aggregator Yearn Finance to earn interest on your cryptocurrency.

  • Limited company loans

    See how to get a business loan as a limited company in the UK, and how much you can borrow.

  • Sole trader loans

    Find out how to get a loan if you work for yourself, including which lenders offer business loans for sole traders.

  • Getting a 5% deposit mortgage under the government’s new guarantee scheme

    Learn more about the new government scheme that allows first-time buyers and home movers to get on the property ladder.

  • Chain break finance

    Learn everything you need to know about chain break finance – a type of bridging loan that stops you losing your dream home if the sale of your existing one falls through.

  • Fix and flip

    Read our in-depth guide to fix and flip and how this type of property investment works, including the factors you need to consider, the risks to be aware of and how to finance it.

  • Commercial bridging loan

    Everything you need to know about commercial bridging loans. We look at when they’re useful, how they work and what to be aware of before taking one out.

  • Hard money loans: Short-term finance in the UK

    Learn everything you need to know about hard money loans – also known as bridging loans. Find out how they work, what they can be used for and their benefits and downsides.

  • 100% bridging loans: How to get one

    Read our in-depth guide to 100% bridging loans, including how bridging loans work, how to borrow 100% of the property’s value, how to get the best deal and the pros and cons.

  • Loans for small businesses affected by coronavirus

    Learn about government support and alternative options for businesses needing finance to help deal with the impact of coronavirus.

Go to site